Capital Gains Tax
Capital Gains Tax (CGT) liabilities can arise when an individual disposes of an asset which has increased in value since it was acquired. It doesn’t matter if the asset was sold or gifted, a CGT liability may still arise.
Our team can give you advice on:
- How to report and pay CGT liabilities, as well as advising you on mitigating or delaying CGT liabilities as far as possible
- The complex area of residential property disposals and the new online filing and payment requirement
- Consideration of the tax reliefs and deferral mechanisms available to mitigate or delay CGT liabilities
- How to plan tax efficiently for future disposals of assets.If you have disposed of an asset and would like advice on managing your CGT liability, or would like tax planning advice regarding future CGT liabilities, our DY team are here to help.
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