Capital Gains Tax
What Is Capital Gains Tax?
As a general rule, CGT (Capital Gains Tax) is payable on the profit portion of the sale of a capital asset. The current CGT rate is chargeable at 18%. In fact, all forms of property are deemed to be chargeable assets unless specifically exempt. Some exemptions are well known such as the primary residence of an individuals and private motor cars.
Capital Gains Tax can become very complex depending on individual circumstances and, furthermore, depending on the asset being sold. The good news is that there are many possibilities to reduce, mitigate or defer your CGT. However planning and timing are absolutely crucial.
How Can We Help?
Gower Accountants offer expert capital gains tax advice in Leicester and we are able to identify the best capital gains tax planning strategies for our clients.
Gower Accountants Leicestershire have the Capital Gains Tax planning and general Accounting expertise and the business and personal commitment to help you to maximise the potential of your Financial affairs.
For more information or to arrange a free 30 minute consultation with one of our specialist capital gains tax accountants in Leicester, contact Gower Accountancy today on 0116 220 6019.