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BUSINESS CAPITAL GAINS TAX

BUSINESS CAPITAL GAINS TAX

When you dispose of certain business assets, and make a profit from the disposal, you have a requirement to pay Capital Gains Tax (CGT) to the HMRC whether you are in a business partnership, a sole trader, or are self-employed.

This process involves the calculation of gains and losses, filing the CGT return, as well as the inclusion of any reliefs that you many be eligible for. In some instances, the rates and calculation requirements can change significantly, such as in the case where the market value is used instead of the sale price.

BUSINESS CAPITAL GAINS TAX SUPPORT

At The Accountancy Solutions, our professional team of CGT accountants can help you to manage all the CGT requirements of your business. From annual record keeping to the sale of business assets, we can aid you in recording your CGT losses and gains and assist in the completion of your CGT returns. Our expert team can make the time-consuming and complicated process that much easier.

We can assist in all areas of CGT for businesses, including:

  • Business Asset Eligibility
  • Capital Gains Tax Loss and Gains Calculations
  • Record Keeping and Capital Gains Tax Returns
  • Exemptions and Reliefs
  • Inherited Tax Value and Capital Gains Tax Return Amendments
  • Tax Relief, such as;
    • Entrepreneurs Relief
    • Gift Hold-Over Relief
    • Business Asset Rollover Relief
    • Incorporation Relief
    • Disincorporation Relief
    • Private Residence Relief

Advice for Business Capital Gains Tax

Whether you need help applying for a relief, judging eligibility, or assistance with the tax management of your business, our professionally trained accountants can offer exceptional advice based on our years of experience. By using our professional accounting service, you can free up your time to focus on the continued development of your business.

For more information about CGT for businesses, and the tax relief opportunities available, contact our team at The Accounting Solutions for expert accounting advice today.

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