Capital Gains Tax Advice

Get capital gains tax advice from specialist accountants at DS Burge & Co.

Typically, capital gains tax arises on gains made on the sale or disposal of assets that exceed your tax-free allowance. We have decades of experience helping clients navigate the complexities around Capital Gains Tax (CGT).

We offer a fully bespoke CGT service and provide each customer with personalised tax advice. Our expert accountants have significant knowledge in all areas of personal and business taxation and will analyse your individual circumstances so we can help you make the most of any capital gains tax relief and available deductions.

Not only do we help reduce your capital gains tax liability, but we also ensure you are fully compliant with HMRC and will deal with them on your behalf.

 

What is Capital Gains Tax?

Capital Gains Tax (CGT) is a tax on the gain when you sell or dispose of an asset that has increased in value.

Disposing of an asset includes:

  • Selling an asset – including business assets
  • Giving away an asset as a gift
  • Swapping an asset for something else
  • Getting compensation for an asset

Capital Gains Tax doesn’t apply to all assets, and the tax you’ll pay depends on if your gains in a given tax year fall under your tax-free allowance.

 

Do I pay capital gains tax on property?

You will have to pay capital gains tax on the ‘gain’ from any sale or disposal of property that is not your main home (Principle Private Residence). For example:

  • Buy-to-let properties
  • Inherited Property

Any gain made from the sale or disposal of business assets (land or buildings) are also subject to capital gains tax.

If you are a landlord or private individual looking to understand your tax liability on the sale or potential sale of a property, please get in touch to see how we can help. There may also be tax relief available to you.

 

Capital gains tax on the sale of shares

Alongside gains made on the sale or disposal of land and building assets, you may also need to pay capital gains tax on shares and other investments.

Examples of shares and investments that you may need to pay tax on includes:

  • Shares not wrapped in an ISA or PEP
  • Certain bonds, such as Premium Bonds

There are many other factors that apply to the Capital Gains Tax applicable to the sale or disposal of shares, for example:

  • The date the shares were bought and subsequently sold
  • Fees paid to stockbrokers
  • If shares were purchased as part of a ‘Rights Issue’ or through another vehicle such as an investment club.

Due to the many complexities surrounding the calculation of stocks and shares gains, combined with continually changing HMRC legislation, it’s easy to see why many businesses and individuals come to DS Burge & Co for Capital Gains Tax Advice.

 

How DS Burge & Co’s capital gains tax advice can help reduce your liability?

  1. We treat each client as an individual, offering personalised capital gains tax advice – so you make the most of any available tax relief
  2. We have decades of experience helping clients navigate the complexities and changing legislation that surrounds capital gains tax. Our aim to help you reduce your tax liability
  3. Let us handle the stress of dealing with HMRC, including liaising with them on your behalf