Capital Gains Tax (CGT)
CGT is payable when a profit is made on the sale of a chargeable asset.
Most commonly, this will occur when assets such as property, stocks and shares or family businesses are sold.
Providing your affairs are structured correctly then there are ways in which CGT can be eliminated, minimised or at least deferred.
Questions to ask yourself
- Do you own a second property (either for investment or pleasure) that is now worth more than you paid for it?
- Do you own investments such as stocks and shares that are currently worth more than you paid for them?
- Do you own all or part of a business, which you may look to sell in the future?
Contact us if you would like to discuss ways in which you could mitigate a potential capital gains tax liability.
© Mattocks Grindley Ltd. All Rights Reserved.