Capital Gains Tax Advice in Harrow

For anyone intending to make a disposal of a business asset - such as a share of an unincorporated business, shares in a company or a property used in the business - capital gains tax (CGT) planning is crucial.

In general, CGT is chargeable on the difference between what you paid for an asset and what you receive when you sell it, minus your annual CGT exemption (so long as this has not been set against other gains.) The rate of tax payable varies and could be 28%, 18%, 10% or even nil. The rate you end up paying might depend on the planning that you do before the sale is made.

Sterling in Harrow can help you in the complex area of CGT planning. If you want to maximise your net proceeds it is vital that you consult with us well before a sale is made so that the CGT reliefs and exemptions which you might be entitled to claim are maximised. Our experienced specialists will guide you through the reliefs and options available to you to reduce or even eliminate your tax bill.

At Sterling areas we can assist with include:

  • Planning a suitable structure of the business and ownership of any property from which the business is run
  • Completion of tax computations
  • Entrepreneurs' relief
  • Reliefs which can defer or eliminate capital gains

For more capital gains tax advice or for general advice about business and personal tax, please contact our Harrow office.