 |
|---|
 |
 |
 |
 |
|
Capital Gains Tax
Capital Gains Tax (CGT) is levied on the disposal of any appreciating assets such as property, works of art, shares and unit trusts.
You don’t have to pay CGT on disposal of most personal assets, including your car, your main home etc.
Individuals have an annual exemption to CGT which is normally updated
annually. Talk to us to find out the current annual exemption/allowance
and how to make the best use of it.
It may be possible to transfer assets into joint names with a spouse to make use of his/her CGT exemption prior to disposal. This won’t reduce the gain, but it will allow you two bites at the CGT exemption to reduce the tax bill.
Sale and disposal of assets
We have a number of tax-saving schemes which may help you.
If you are disposing of an asset it is vital that you talk with us before you
start the selling process to maximise the tax savings.
Remember, our initial discussions are FREE OF CHARGE so please talk to us! Contact us.
savesometax. Copyright 2005 |
|||||||