Capital Gains Tax specialists
Saving you time and money
Capital Gains Tax (CGT) specialist support
Do you worry about the complexities of Capital Gains Tax (CGT)? We could hardly blame you. Capital Gains Tax can be something of a minefield. But – here at AT Crew, we have the know-how and experience to make everything clear for you and make sure you’re protected against unpleasant tax surprises.
What's Capital Gains Tax and when do I need to pay it?
CGT is a tax you pay when you sell or dispose of 'chargeable assets'. Examples include
- Property That's Not your Main Home
- Most Personal Possessions Worth Over £6,000
- Business Assets
- Shares outside an ISA
Areas where you don’t need to pay Capital gains Tax include gifts to your spouse, civil partner, or charities.
The current situation is that you'll only pay CGT on total gains above the annual tax-free allowance – currently £12,300 for individuals and £6,150 for trustees. The CGT rates are 18% for basic rate taxpayers and 28% for higher/additional rate taxpayers.
Why choose AT Crew Accountants for Capital Gains Tax advice?
We're experts in helping you reduce the tax you owe by claiming reliefs. Here's how we’ll help -
Business Asset Disposal Relief (BADR)
We'll check if you're eligible for BADR, which reduces your CGT to 10% on up to £1 million of qualifying gains in your lifetime. This relief is for those actively involved in a business, either personally owned, through a partnership or a company.
Investors' Relief
We'll help you take advantage of the 10% CGT rate when investing in an unquoted company you don't work for. You'll need to have subscribed for shares after 16 March 2016 and hold them for at least 3 years. Gains of up to £10 million can potentially qualify for this relief, and we'll guide you through the strict rules about your involvement with the company.
Hold-over Relief
If you give a business asset or shares in your company to someone else, we'll help you defer the CGT payment by holding over the gain. The recipient will pay the CGT on the gain when they dispose of the asset.
Incorporation Relief
When transferring your unincorporated business to a company, we'll assist you in rolling over the gain into the value of the shares you receive in return. This defers the CGT payment until you eventually sell those shares. This relief is available to non-trading and trading businesses, including property.
Efficient Capital gains Tax relief
Don't let Capital Gains Tax get the better of you. Trust AT Crew Accountants to help you manage your liabilities in the most tax-efficient manner. Get in touch with us today and let's start working together to save you money.
The complete accountancy service
From tax planning to VAT returns and payroll, we offer the complete accountancy service for businesses of all sizes.
