Limited Companies
Taxation compliance with expert CGT services
Capital Gains Tax (CGT)legislation is a very complex area, with many reliefs and exemptions available. Navigating these can be difficult, so using an experienced tax expert can give you peace of mind, ensure you’re paying the right amount of tax and meeting all your obligations.
Our Capital Gains Tax solutions
Our comprehensive service includes:
- Preparation of CGT computations
- Exploration of applicable reliefs and allowances
- Calculating CGT liabilities
- Tailored advice on tax planning opportunities
Why choose our CGT service?
If you are planning to sell an asset or part of your business, strategic tax planning can help mitigate or reduce potential CGT liabilities.
Our professional advisors can provide tailored advice on tax planning opportunities, such as:
- Timing of disposal: Strategically timing the sale of assets can help reduce your overall CGT liability.
- Use of allowances and reliefs: Planning for and utilising your annual exemption and applicable reliefs can make your disposal more tax efficient.
- Asset transfer strategies: Exploring options for transferring assets to family members or into trusts can help to manage your CGT liability effectively.
Get in touch
Let TaxAssist Accountants Waterloo take care of your Capital Gains Tax compliance, so you can focus more on growing your business. Call us today on 020 7401 8384 or use our online enquiry form.
Contact Us
Contact us to book your free video or face-to-face consultation to receive a proposal and fixed fee quote.
Frequently Asked Questions
When it comes to the disposal of assets, this can include selling, transferring or gifting an asset. An asset chargeable to CGT could be your business or business assets, personal possessions worth £6,000 or more, a property that isn't your main home for all of the ownership period, cryptocurrency transactions and shares. If you are disposing of one of these we recommend you speak to an accountant who can let you know what tax rates, reliefs and exemptions may be applicable. An accountant can also offer tax planning advice to save you tax.
The Capital Gains Tax (CGT) annual exempt amount is a tax-free allowance. You only have to pay CGT on capital gains above your annual exemption. This means that individuals can make small disposals each year without incurring a CGT bill where disposals are below the annual exempt amount.
No, if the property was your main residence for the entire period of ownership, you are exempt from CGT. If there is mixed property use, then you may need to consider CGT implications.
There are other assets exempt fromn CGT incluidng private motor cars, prize winnings and cash.
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Get in touch
Arrange a free consultation in person or via video with your local accountant. It’s an informal chat to get to know you and find out more about the help you are looking for.
Chat to an expert
We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.
Get a fixed quote
Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.
Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 389 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.