Capital gains tax is the tax you pay based on the amount of profit you make when selling an asset in your business, for example a buy to let property. You are exempt from paying this if your annual profit is less than your yearly tax-free allowance. For more details, talk to one of our accountants to find out more and discuss how to keep your capitals gain tax as low as possible.
Our specialised tax adviser will work with you to provide advice and to help you take advantage of any opportunities, carefully planning to dispose of any assets in a way that you can reduce or even totally avoid CGT payments.
We'll let you know when your Capital Gains returns are due and ask for your bookkeeping records.
After your returns are completed, they'll be double checked to ensure they're accurate.
Once we've received your approval, we'll submit your Capital Gains return to HMRC. Job done!