Capital Gains
Capital Gains Tax obligations may arise on the disposal of assets. We assist clients to:
- Identify whether the asset is subject to capital gains tax
- Calculate the gain or loss on the disposal for tax purposes
- Identify potential reliefs or exemptions available to reduce a taxable gain
- Calculate the tax payable or the loss which may be claimed on a disposal
- Identify the appropriate tax return filing dates
- Prepare the correct payments and tax returns
Where the disposal of an asset or business is being considered we work with clients to identify potential strategies and reliefs which may be availed of to reduce a subsequent liability.
If you have sold assets or are considering selling assets please contact us. Please remember that once a disposal has taken place it is usually too late to put a strategy in place; it can be beneficial to take professional advice before a sale.