Capital Gains Tax
Helping you and your business succeed
At Abac Chartered Accountants, we can help you understand and manage capital gains tax in a simple and hassle-free way. Our team of experienced accountants are here to guide you through the process and ensure that you meet your tax obligations while minimising your tax bill.
We have a number of experienced accountants on hand to help you understand how much Capital Gains Tax (CGT) you owe and possible ways to reduce the amount you have to pay. If you think you have paid too much CGT, we can also review your case and give you a second opinion.
Some of the common scenarios we deal with are:
- Assisting property investors when selling properties
- Transferring properties to your children, or other family members in a tax efficient way
- Restructuring businesses
- Advising on shares and Capital Gains Tax
- Advising on Capital Gains Tax in divorce settlements
- Advisory service for solicitors
- Capital Gains Tax advice for non-UK residents
- Capital Gains Tax advice in Ireland re Irish properties or shares
- Offsetting Capital Gains Tax losses
How We Can Help
Our specialist CGT service provides you with expert advice tailored to your specific needs.
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Private Individuals
Capital Gains Tax can be complicated and getting it wrong could cost you £1,000’s. Why not let our experts handle your CGT concerns so you can focus on more important aspects of your life.
Some of the areas we can assist you with are:
- Calculating How Much You Owe: We’ll help you figure out how much capital gain you have made and ensure you have claimed all tax deductions and allowances you may be eligible for to minimise your tax liability.
- Tax Planning and Strategies: Our experts will work closely with you to develop a plan that minimises your capital gains tax. We’ll explore legal ways to reduce your tax liability, so you can keep more of your proceeds.
- Filing and Compliance: Our team will handle all the necessary paperwork and file your tax returns accurately and on time. We’ll make sure you meet all the reporting requirements and fulfill your capital gains tax obligations.
- Cross Border Assets: For Republic of Ireland residents or UK residents with assets in the Republic of Ireland, we can advise and manage your capital gains obligations in both the UK and Republic of Ireland.
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Solicitors
Leave your Capital Gains Tax questions to us, the tax experts. We’ll handle all your CGT queries, giving you the freedom to concentrate on your clients and what you excel at.
We would be pleased to assess your client’s situation and suggest the most tax-efficient methods for share sales, property transactions and business deals. By doing so, we may be able to save your client thousands of pounds. We also have expertise in advising on the tax implications and reporting requirements that may arise from a divorce. You can choose whether we communicate directly with you, the solicitor, or directly with your client.
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Businesses
Capital Gains Tax may have to be paid if a profit is made when all or part of a business, shares or business assets are sold. Our corporate team can guide and assist you in understanding and managing your CGT obligations in such situations. Our services include:
- Calculating Capital Gains: We’ll help you figure out how much capital gain you have made and ensuring you have claimed all tax deductions, allowances and business tax reliefs you may be eligible for to minimise your tax liability.
- Tax Planning and Strategies: Our specialists will work closely with you to create a plan that lowers the amount of money you have to pay in capital gains tax. We will look at legal strategies to decrease the taxes you owe, allowing you to keep a larger portion of the money you earn.
- Filing and Compliance: Our team will take care of all the paperwork and ensure that your tax returns are filed correctly and promptly. We will make sure you meet all the necessary reporting obligations and fulfill your responsibilities for capital gains tax.
- Cross Border Businesses: Our experts can advise and manage your UK and Republic of Ireland capital gains obligations.