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CGT EFFICIENT INVESTMENTS

CGT EFFICIENT INVESTMENTS

Most gains over the personal allowance of £11,300 are eligible for the full rate of Capital Gains Tax (CGT). Due to this, many people seek to safeguard their investments by making CGT efficient investments. These are normally held in a self-invested personal pension (SIPP) or an individual savings account (ISA), both of which are very tax-efficient ways of investing money in terms of CGT.

However, there are also a number of additional ways to safeguard an investment and pay as efficient an amount of CGT as possible. This can come in the form of trusts and schemes, as well as investment in certain assets that have additional exemptions.

CAPITAL GAINS TAX EFFICIENT INVESTMENTS

At The Accountancy Solutions, we can provide expert assistance and advice pertaining to all areas of CGT efficient investments, including the use of ISA’s and SIPP’s. We also provide professional and knowable advice about the following tax efficient investment schemes, assets, and transfers:

  • Chattels – certain assets with a lifespan that exceeds 50 years, which can receive an additional exemption from CGT of £6,000.
  • Wasting Assets – certain assets with a lifespan that does not exceed 50 years can be exempt from Capital Gains Tax.
  • Asset Transfers – transferring assets tax-free before disposal to share the Capital Gains Tax allowances.
  • Venture Capital Trusts (VCTS) – investment in stabilised businesses with tax breaks after such a point where the VCTS have been held for 5 years (up to £200,000 a year).
  • Enterprise Investment Schemes (EIS)– reinvestment in other assets after the sale of assets to defer Capital Gains Tax requirements until after the EIS is sold (up to £1 million a year).
  • Seed Enterprise Investment Schemes (SEIS) – investment in small business with no CGT requirements on disposal of SEIS assets after three years (up to £100,000 a year).

Advice for CGT Efficient Investments

Our team at The Accountancy Solutions specialise in all areas of CGT, including the management and planning of CGT, CGT returns, and the claiming of exemptions and reliefs. For more information about our professional tailored services and tax efficient investment advice, don’t hesitate to contact us today. 

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