Taxation
Capital Gains Tax
Capital Gains Tax Advice and Planning for Individuals and Businesses
Expert Guidance to Minimise Your Capital Gains Tax Liability
At CityEdge, we specialise in providing comprehensive support for Capital Gains Tax (CGT), helping individuals and businesses navigate the complexities of this important area of taxation. Whether you’re selling property, shares, or other valuable assets, our team ensures you stay compliant while optimising your tax position.
What Is Capital Gains Tax (CGT)?
Capital Gains Tax is a tax on the profit made when you sell or dispose of an asset that has increased in value. Common taxable assets include:
- Property (excluding your main residence, subject to conditions).
- Shares and other financial investments.
- Business assets, such as equipment or goodwill.
- Valuable personal possessions, like antiques, jewellery, or art.
Understanding when and how CGT applies is essential to avoid unexpected liabilities and maximise your net returns.
How Can CityEdge Help with Capital Gains Tax?
Our experienced tax advisers offer tailored solutions to manage your CGT obligations effectively, including:
- CGT Planning and Mitigation: Strategies to minimise your tax liability through exemptions, allowances, and reliefs.
- Asset Disposal Advice: Expert guidance on timing and structuring disposals to reduce tax exposure.
- Business Asset Disposal Relief (formerly Entrepreneurs’ Relief): Maximising relief for qualifying business disposals.
- Property Taxation Advice: Navigating the complexities of property sales, including Private Residence Relief and Lettings Relief.
- Share Portfolio Tax Planning: Managing capital gains from investments efficiently.
- Compliance Support: Ensuring accurate reporting and timely submissions to HMRC.
Why CityEdge?
- Tailored Tax Strategies - We work closely with you to understand your financial goals and develop bespoke CGT solutions.
- Expert Knowledge - Our team stays up-to-date with the latest tax legislation, ensuring you benefit from all available reliefs and allowances.
- Proactive Planning - We don’t just react to tax liabilities—we help you plan ahead to avoid them where possible.
- Comprehensive Support - From calculating your CGT liability to submitting returns, we handle every aspect with precision and care.
Key Exemptions and Reliefs
We help you navigate the key exemptions and reliefs available, including:
- Annual CGT Allowance: Maximise the annual tax-free allowance (£6,000 for 2023/24).
- Private Residence Relief: Reduce or eliminate CGT when selling your main home.
- Business Asset Disposal Relief: Pay a reduced CGT rate on qualifying business disposals.
- Gift Hold-Over Relief: Defer CGT when gifting certain assets.
Who Can Benefit from Our CGT Services
Our services are ideal for:
- Property Investors and Landlords: Manage tax implications when selling investment properties.
- Business Owners: Optimise CGT on business disposals and asset sales.
- High-Net-Worth Individuals: Plan for efficient wealth management and asset transfers.
- Families and Executors: Handle CGT implications during inheritance and estate planning.
Understanding CGT Deadlines and Reporting
It’s crucial to report and pay any CGT owed within the required timeframe to avoid penalties. For UK residential property disposals, for example, you must report and pay CGT within 60 days of completion.
CityEdge ensures you meet all deadlines, avoiding unnecessary fines and stress.
Maximise Your Gains and Minimise Your Taxes with CityEdge
Don’t let complex tax rules erode your hard-earned profits. Our expert team is here to simplify the process, provide actionable advice, and help you make the most of your assets.
Contact CityEdge today to book a consultation and start planning your tax-efficient future.