Capital Gains Tax planning opportunities
Make the most of available tax reliefs; contact our experienced Chartered Tax Advisers in Cambridge
Capital Gains Tax
Capital Gains Tax could be due when you sell or even give away an asset. There are some potentially valuable tax reliefs available that may reduce your personal tax liability such as:
- Roll-Over Relief
- Hold-Over Relief
- Principle Private Residence Relief (PPR)
- Exempt Assets
- Entrepreneur's relief
Speak to CKLG Accountants before you sell the asset to ensure you are able to maximise the potential tax reliefs and help you understand what Capital Gains Tax means for you.
If you are selling your business you may be able to benefit from Entrepreneur's relief , reducing the rate of capital gains tax payable to 10% of the gain on disposal. This is a complex area of legislation and there are a number of qualifying criteria which need to be met.
The correct tax planning now can ensure that any future sale will qualify for this valuable tax relief, so contact CKLG Accountants in Cambridge for more information.