When you divest or gift assets like property, businesses, or shares, you might face a capital gains tax.
This tax is calculated at 20% of the increase in value—or 28% for property—after deducting any allowances and reliefs you’re entitled to. The longer the asset’s been in your possession, especially if it’s appreciated significantly or is a business you’ve built, the more tax you might owe.
However, with strategic planning approved by HMRC, you can defer or even eliminate this liability, particularly with business sales. At Gaddu & Hall, we align with your financial goals, offering advice and sharing the journey towards tax optimisation. We operate on a success-fee basis, ensuring our interests are fully aligned with achieving your tax savings.
Navigating Capital Gains Tax (CGT) complexities can be daunting, but with Gaddu & Hall’s expert property tax advice, managing your fiscal responsibilities becomes straightforward. Whether you’re an individual investor or a business owner, understanding the implications of asset sales and transfers is crucial. Our specialists are adept at dissecting the intricacies of CGT, ensuring you benefit from every tax relief and exemption applicable, from Private Residence Relief to Entrepreneurs’ Relief.