Individuals are charged Capital Gains Tax regarding gains made from selling, transferring, or otherwise disposing of assets.
Many common assets can be subject to Capital Gains Tax (CGT) when disposed of, such as stocks, bonds, and precious metals.
The legislation for CGT is a very complex area. There are many reliefs and exemptions which may lead to significant tax savings. Therefore, it is recommended that you seek advice from the Top-Notch Accountant who will be able to prepare your CGT computations, claim any reliefs that you may be entitled to, and calculate any liability that may be due.
If you are considering selling a personal asset or all or part of your business, we can advise you of the tax planning opportunities available to you before you make your disposal to mitigate or reduce potential tax liabilities.
