Personal Capital
GainsTax

If you are unsure what assets are eligible for CGT, are looking for ways to legally reduce your CGT, or need assistance organising and calculating your returns, our professional team has you covered, with fully confidential service that you can trust.

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Have a question?
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Personal
Capital
Gains Tax

Once you have exceeded you tax-free allowance, you will be liable to pay Capital Gains Tax (CGT) on all profit make on non-exempt asset disposal. This could include the sale of a second home, any shares that are sold, or investment pieces like jewellery and antiques. The amount of personal CGT that you’ll have to pay is calculated on the value that has accumulated on the asset since your purchase of it initially. CGT may have to be paid whether you sell the asset or give it away, so it is important to know where you stand when gifting, selling, swapping, or getting compensation for an asset.

Personal Capital Gains Tax

Calculating CGT payments can be a difficult and lengthy procedure, especially if you dispose of multiple personal assets in a single year. Records need to be kept of the purchase and the disposal, and the rates of personal CGT, exemptions, and calculations need careful consideration. By using a trained CGT accountant, you can ensure that your personal CGT returns are calculated and filed will full accuracy in every instance. As well as knowing that you are not paying excessively for CGT that didn’t need to be paid or filing for the wrong assets.

At The Accountancy Solutions, we can help you with many different areas of personal CGT, including:

  • Personal Capital Losses
  • Capital Gains Tax Payment
  • Non-Resident Investors
  • Tax-free Allowances
  • Rates for Capital Gains Tax
  • Capital Gains Tax Calculations
  • Exemptions and Reliefs for Capital Gains Tax
  • Record Keeping

OUR PROMISE

We care for our clients. Building and maintaining fantastic relationships is what we do best, we will never treat you as a number which is what makes our approach so unique. The highest level of customer service combined with a keenness to listen and work together with our clients means that we leave a stream of happy clients in our wake every single day. Our services come with unlimited help and support provided at no extra cost throughout the year.That help and advice will all come courtesy of your own fully qualified and dedicated small business accountant.

Got a question?
No problem

Are you just looking for an answer to a general question? We always provide free advice to individuals and self employed persons. You can send us an email, call us or fill in the form. But you should be asking answers to general questions.

Personal Capital Gains Tax

As an individual, you must pay your CGT within 30 days of selling your asset. There are different rules for business.

Business Capital Gains Tax

As business do not miss out on the opportunity of claiming certain reliefs on capital gains. Call our team for a brief chat.

CGT Relief And Allowances

Here we explain different reliefs and allowances that you may be eligible to receiveas business, so you can calculate exact tax.

CGT Efficient Investments

We provide expert assistance and advice pertaining to all areas of CGT efficient investments, including the use of ISA’s and SIPP’s

Frequently Asked Questions

Most frequent questions and answers

Yes you can. Most of our clients who are small bsuiness , we setup an automated software for them to do their book keeping. We only need the records at the end of each period for compliance.

It would take only 10-15 minuites to populate a spread sheet each day to enter data of your daily expenses. You can also take picture of reciepts and save it in a secured drive. Or you can use a software like Reciept bank.

Our charges are depend on amount of time we will spend on yor book keeping. Most of the time and because of availability of online and IT tools we advice clients to scan their record to save time and money.

We will not advice to do your book keeping on annual basis. There are many reasons and the major reason is you will find it hard to analyse and store records for the whole year if left to the end of the year.

Free advice for our clients

Our Services For Business

Client Testimonials

Our clients are our assets and we take every step to look after them and provide them the advice and support when ever they need. 

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Our Blog

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Uptodate knowledge of tax and business sectors of UK, HMRC and EU written in language you can understand.

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