Capital Gains Tax
Capital Gains Tax (CGT) is charged on selling, transfering or desposing off capital asset like land, jewellery, shares etc.Individuals, patnerships and companies are subject to a charget to a (CGT). But Companies pay corporation tax (CT) on their gains.
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 our advice at South West Accountancy. We 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.
