Capital Gains Tax (CGT) is complicated and can include the disposal of property, shares, businesses and personal possessions. As well as selling assets it includes gifts and transfers of various kinds.
It is further complicated by exemptions and reliefs, so we would recommend anyone facing up to dealing with matters that involve CGT to talk to our experts, who can advise in plain English.
We can tell you how to legally minimise payments, particularly in relation to the disposal of property which for many people is their largest asset. There are other complications surrounding situations involving divorce, gifts to charities and family members, and changes in business interests.
The way to gain maximum benefits is for you to talk to us and plan ahead.
You may find our tax tips download informative.
Getting it right
Step 1
Step 2
Step 3