Capital Gains Tax

There are several common assets including property, shares, bonds, precious metals and so on that may be subject to Capital Gains Tax (CGT) when you dispose of them either in the form of sale, gift, exchange or transfer.

You may be unfamiliar or face difficulties with such tax legislation. Nothing to worry about, as we have experts at The Stan Lee for Capital Gains Tax matters.

Capital Gains Tax service: 

• Registration for self assessment to declare the CGT
• Assessment of asset disposal records and computation of CGT
• Preparation of CGT return and submission accordingly
• Guidance on capital gains tax payment
• Advice on CGT available relief and more…

You may inquire whether Capital Gains Tax applies when selling your residential property. The answer is contingent on various factors, such as whether the property was your primary residence, if it was let, or both.

Additionally, you may have commercial property for which the CGT treatment differs from residential properties. You may also have questions about the CGT annual exemption, which is separate from your personal allowance for self assessment purposes. Consider other disposals such as shares, businesses, bonds, and more.

It is advisable to consult with your tax advisors regarding all available reliefs and exemptions for Capital Gains Tax (CGT) purposes. These may include business assets disposal relief, roll-over relief, letting relief, and Principal Private Residence (PPR) relief, among others.  

We recommend maintaining comprehensive records of all transactions, including purchases, sales, enhancements, and other relevant information pertaining to your capital gains affairs.    

At Stan Lee Accountancy Ltd, our team of qualified and experienced accountants specialises in Capital Gains Tax matters. For more details about The Stan Lee and our capital gains tax service, please call us today!