Capital Gains Tax
If you sell, transfer or otherwise dispose of assets you must consider the potential liability to Capital Gains Tax
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.
CGT legislation is extensive and often complex in nature. There are many reliefs and exemptions which may be available in certain circumstances which can lead to significant tax savings, it is therefore recommended that you seek the advice in this area.
It is often a good idea to speak to us before selling an asset as there may be ways to reduce or mitigate the tax charge if your affairs are organised in a tax efficient manner prior to sale. 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.
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