If you are planning to make a disposal of a capital asset (such as a share of a business, stocks and shares or a property), the Streets Dyke Ruscoe tax team can help.
The key word here is ‘planning’ – do that and it’s quite possible to totally avoid a CGT bill absolutely legitimately; very often a small sum spent with us can pay back many times over in a tax saving.
In simple terms CGT is charged on the difference between what you paid for an asset and what you receive when it is sold less your annual CGT exemption, if this has not been set against other gains. But there is a whole world of reliefs available if you know where to look.
Guess what? That’s right, our tax team can help you to make the most of any CGT reliefs and exemptions that may be available to you.
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For more information, please contact us.