Capital Gains Tax

Capital Gains Tax is a tax on any profit incurred when you sell an asset that has increased in value. You only have to pay tax on the gain – not the entire amount you receive.

You may still be liable to pay CGT even if you give assets away as a gift, transfer them to someone, swap them or get an insurance pay out in the event that the asset is lost or destroyed.

Assets you may have to pay tax on:

• Business assets
• Personal possessions worth £6,000 or more (except cars)
• Property that isn’t your main home
• Your main home if it’s large, used for business or let out
• Shares that aren’t in an ISA or PEP

As part of our service we will:

• Calculate how much you owe
• Help you reduce your tax liability
• Help you report gains either through the ‘real time’ CGT service, or through annual Self Assessment