Capital Gains Tax Advice
Capital Gains Tax Advice
If you are selling real estate, stocks or crypto, you will be subject to paying Capital Gains Tax.
The amount of Capital Gains Tax to be paid varies depending on the circumstance and can be a complex area. The Capital Gain Tax rate is 10% for basic, and 20% for higher rate taxpayer on chargeable gains. For Gain on a residential property the relevant rate is 18% and 28% respectively.
Capital Gains Tax applies to the sale of:
Real Estate/Property
Digital Assets
Stock
Jewellery
Crypto
Business Assets
Our qualified accountants will review your sale to calculate capital gains tax required and take you through all exemptions to ensure you don’t miss any potential tax savings.
Our service also helps with future planning of selling assets subject to Capital Gains Tax to further help you optimise your accounts.
Capital Gain Tax for Companies
It’s important to note that Companies pays Corporation tax on the capital gains.
Capital Gain is calculated on the sale of land and property, shares, and cryptocurrencies.
There are multiple tax reliefs available. We will help you understand where you are eligible for tax relief. Some of the tax reliefs available are:
- Business Asset Disposal Relief
- Incorporation Relief
- Gift Hold-Over Relief
- Disincorporation relief
Capital Gain Tax and Crypto
Cryptocurrency, although it’s been around for over a decade, getting the Capital Gain Tax right can be complex.
With our Advice service, we will help you understand the Tax requirements on your investments to ensure you are paying the correct taxes.
