Capital Gains Tax
— OUR SERVICES
Capital Gains Tax Accountants
Our experienced capital gains tax accountants provide accurate, compliant, and stress-free services, helping you minimise your tax liabilities while ensuring full compliance with HMRC regulations.
Expert Capital Gains Tax Services for Individuals and Businesses
At IWN Accountancy, our team of professional capital gains tax accountants offers expert advice and tailored solutions to help individuals and businesses effectively manage capital gains tax (CGT) liabilities. Whether you’re looking to sell property, investments, or assets, our strategic approach ensures that you stay compliant with tax laws while maximising your returns.
Speak to one of our specialists today by calling 01202 028074.
How Our Capital Gains Tax Accounting Services Work
- Initial Consultation: We’ll assess your specific situation, whether you’re an individual looking to sell a property or a business involved in asset sales.
- Tax Liability Assessment: Our accountants will determine the amount of capital gains tax you may owe, factoring in reliefs and exemptions available to you.
- Tax Planning and Strategy: We develop a comprehensive tax strategy that aims to minimise your CGT exposure while complying with current tax regulations.
- Filing and Compliance: We handle all the paperwork, ensuring your capital gains are reported accurately to HMRC, reducing the risk of errors or penalties.
- Ongoing Advice and Support: After the sale, we remain available to provide continued advice on managing any remaining CGT issues or planning for future transactions.
So, What Makes Us Different?
— HOW CAN WE HELP
Your Questions, Answered By Us
What is Capital Gains Tax?
Capital Gains Tax, also referred to as CGT, is a tax on the profit made from selling or disposing of assets such as property, shares, or businesses. The tax is only applicable on the gain (profit) made, not on the total sale price.
Who needs to pay Capital Gains Tax?
Individuals and businesses who sell or dispose of assets that have increased in value may be liable for CGT. Common scenarios include selling a property (other than your primary residence), selling stocks or bonds, or selling a business.
How can a capital gains tax accountant help me?
A capital gains tax accountant can help you calculate your CGT liability, identify exemptions and reliefs that may reduce your tax, and ensure compliance with HMRC regulations. We also provide tax-efficient strategies to minimise your tax bill.
Are there any exemptions or reliefs available to reduce CGT?
Yes, there are various exemptions and reliefs available, such as Private Residence Relief (if selling your main home), Business Asset Disposal Relief, and other allowances. A capital gains tax accountant can help determine which ones apply to your situation.
What assets are subject to Capital Gains Tax?
CGT applies to assets such as property (excluding your main home in certain cases), stocks and shares, business assets, and collectibles like art or antiques. If you’re unsure whether your asset is subject to CGT, we can help clarify this for you.
When do I need to report and pay Capital Gains Tax?
CGT must be reported and paid to HMRC by the deadlines for your self-assessment tax return. We ensure timely filing and help you stay on top of any payments due to avoid penalties.
How do I know if I need a capital gains tax accountant?
If you’re selling assets or involved in property or business transactions, a capital gains tax accountant can provide invaluable guidance to ensure you pay the right amount of tax and maximise any available exemptions or reliefs.
