Capital Gains Tax (CGT)

A tax imposed by the government on the profits you earn from the sale of assets. Understanding and managing this tax is crucial for maximising your returns and ensuring your compliance with tax regulations.

What is Capital Gains Tax?

Capital Gains Tax is a tax on any gain (profit) that you make as a result of selling or transferring an asset, for example the sale of shares or of a second home. Lorem ipsum dolor sit amet, consectetur adipisici elit, sed eiusmod tempor incidunt ut labore et dolore magna aliqua. Petierunt uti sibi concilium totius Galliae in diem certam indicere. Lorem ipsum dolor sit amet, consectetur adipisici elit, sed eiusmod tempor incidunt ut labore et dolore magna aliqua. Petierunt uti sibi concilium totius Galliae in diem certam indicere.

What makes us different?

We will work with you closely to optimise your Capital Gains return through the use of relevant reliefs and exemptions. Tax planning is the key to minimising CGT and that’s why we encourage you to discuss your plans with us so that we are able to help you structure your assets in such way as to keep your CGT to a minimum once you decide to sell them.

The details

You will only have to pay tax on the gain you make above your tax-free allowance, which currently stands at £12,300 per annum. You may also be able to reduce your tax liability by claiming reliefs.

You will pay CGT on:

Most personal assets worth £6,000 or more, with the exception of cars
Shares that are not in an ISA or PEP
Business assets
Property that is not your main home

As mentioned above, depending on the type of asset, you might be able to reduce your tax liability by claiming a relief.

If the assets you dispose of were jointly owned with someone else, you will only have to pay CGT on your share of the gain.

Related Services

Corporation tax
A corporation tax return must be submitted to HMRC within 12 months of your company's year-end.
Self-assessment tax returns
Self-assessment is the mechanism for declaring annual income not already accounted for via either PAYE or gains on capital investments.
VAT
VAT is an indirect tax charged on most goods and services. If your business’s turnover exceeds the VAT threshold.

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