Individuals are charged
Capital Gains Tax in respect of gains made from
selling, or disposing of assets.There
are many common assets that can be subject to
Capital Gains Tax when they are disposed of,
such as stocks, bonds, precious metals and
property.
Every individual has an annual capital gains tax
allowance. Gains below the allowance are exempt
from tax, and capital losses can be set against
capital gains in other holdings before taxation.
All individuals are exempt from tax up to a
specified amount of capital gains per year.
Auxesia Accountancy can analyse your
situation to see whether you are liable to pay
Capital Gains Tax on any of your assets. We keep
up to date with tax law to help our clients save
money.
Capital Gains Tax is a very complex area and
the legislation is often changing. There are
many exemptions that can be benefited from which
may reap you significant tax savings.
In addition to any current charges, we can
also recommend ways of planning your affairs
going forward in order to possibly reduce any
capital gains or inheritance tax liabilities.
If you have any questions and wish to speak to
an advisor, call us now on:
Tel: 01277 725252 |
