Individuals are charged Capital Gains Tax in respect of gains made from selling, transferring or otherwise disposing of assets.
There are many common assets that can be subject to Capital Gains Tax (CGT) when they are disposed of, such as stocks, bonds, precious metals.
The legislation for capital gains tax is a very complex area. There are many reliefs and exemptions which may lead to significant tax savings. It is therefore recommended that you seek the advice of an Accountant who will be able to prepare your capital gains tax computations, claim any reliefs that you may be entitled to and calculate any liability that may be due.
If you are considering selling a personal asset or all or part of your business, we can advise you of the tax planning opportunities available to you before you make your disposal, in order to mitigate or reduce potential tax liabilities.