Accountant Tax Return
Reliable and expert Capital Gains Tax Advice is a modern day
necessity as it’s a tax charge payable on an increase in value on certainassets
owned. These possessions could range
from shares to antiques, second homes etc. The tax is payable when you sale or
give them away. A lot of the population now own buy to let property as a means
of their personal pension.
Year on year the capital gains tax allowances and rates vary
therefore it is important to seek CGT Accountant Tax Return from a professional Tax
Accountant.
The difference in tax rates between UK income tax at 50% and
Capital Gains Tax at 18% is unsustainable. Sooner or later the government will
seek to close the gap but if only it was entirely that simple. UK Chancellors
past and present have for many years been trying to simplify the Capital Gains
Tax system only to end up making it more complex.
Whilst seeking Accountant Tax Returnfor planning purposes, it
is important to take all taxes into account, not just the one you are trying to
avoid! There is no point doing one thing to save inheritance tax if at the same
time by taking this action you inadvertently give yourself a capital gains tax
liability. Capital gains tax rate is much lower than income tax rate but with
goodCGT Accountant Tax Returnadvice and planning, one can further reduce the
CGT bill. There are several ways by which CGT Accountant Tax Returnadvisers may
help you reduce your CGT bill, legally of course. This requires good advanced
planning byprofessional offering CGT Accountant Tax Return advice rather than reacting
to a tax event.
Whether you have inherited assets, bought a second home or
you have developed an extensive investment portfolio, we strongly suggest that
you consider the getting Capital Gains Tax advice accountants (CGT) upon a
disposal. Expert professional advice should always be sought before
transferring or selling an asset as CGT liabilities can be deferred, mitigated
or even prevented with the right planning. Experienced and professional
Accountant Tax Returnadvice on CGT can guide you through your sometimes complex
obligations, provide a personal planning strategy, and ensure that complete
compliance with all your legal obligations is ensured.
Most people are aware that gains made on the sale of their
own home should be exempt from Capital Gains Tax, but where more than one
property is held or occupied, even if one is rented, complications can
arise. Expert Capital Gains Tax advisers can help you
identify how to ensure the receipt of the maximum relief.
There are many other issues that will affect the relief that
may apply. In addition there will also be a number of tax implications and
charges that may be applicable when considering Capital Gains Tax.
Accountant Tax Return advisers can assist you on:
• Retiring or selling your business – securing benefits from
entrepreneur’s relief
• Reinvestment of proceeds already gained into qualifying
investments
• Income tax deduction on overlooked reliefs
• Identifying the types of reliefs available to you
Contact Accountant Tax Return today to discuss how you
are affected by the implications of UK CGT and how we can help you reduce it.
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