Capital Gains Tax is a tax levied on the profit you make when you sell certain assets, such as:
- Property (excluding your main residence)
- Shares and other investments
- Business assets
You may be liable for CGT if you are a Southgate resident who:
- Sell an asset for more than you purchased it for
- Dispose of an asset and receive compensation, such as through insurance
- Maximizing Allowances: We’ll ensure you claim all relevant Capital Gains Tax allowances, such as the annual exemption, to minimize your taxable gain.
- Calculating Your Capital Gains Tax Liability: Our team will accurately calculate your CGT liability, considering factors like acquisition costs, ownership periods, and improvement expenses.
- Optimizing Capital Gains Tax Planning: We can help you develop strategies to minimize your CGT liability in the long run, such as utilizing tax-efficient investments.
- HMRC Communication and Representation: We’ll handle all communication with HMRC on your behalf and represent you professionally in case of inquiries.
- Peace of Mind: Gain peace of mind knowing your Capital Gains Tax obligations are handled by qualified professionals.
- Capital Gains Tax Liability Assessment: We’ll assess your potential CGT liability based on your specific circumstances and asset sales.
- Record-Keeping and Calculations: We’ll assist you with maintaining accurate records of your asset purchases and disposal costs for accurate CGT calculations.
- Capital Gains Tax Allowances and Reliefs: We’ll ensure you claim all available allowances and reliefs, such as Business Asset Disposal Relief (BADR).
- Capital Gains Tax Planning Strategies: We can develop personalized strategies to minimize your CGT liability and maximize your after-tax profits.
- Ongoing Support: We’re here to answer your questions and provide guidance on Capital Gains Tax matters throughout the year.
"Since partnering with Qualified Accounting Practice, my self-assessment tax returns have become a breeze. They handle everything efficiently, saving me time and money."
Sarah J.
Business Owner
"Their bookkeeping services are a lifesaver! Now my business financial records are always accurate and up-to-date, allowing me to make informed decisions."
David M.
Entrepreneur
"Starting my business in Southgate was stressful until I met the team at Qualified Accounting Practice. They walked me through the company formation process smoothly."
Emily K.
Boutique Owner
"Their guidance and expertise with tax planning have helped me save a considerable amount on my taxes. Highly recommended!"
Investor
John L.
"Their business consulting services have been invaluable in helping me develop a solid financial strategy for my growing business."
Peter B.
Restaurant Manager
