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Capital Gains Tax Advice
Get capital gains tax advice from specialist accountants at M. E. Leech & Co.
Typically, capital gains tax arises on gains made on the sale or disposal of assets that exceed your tax-free allowance. We have decades of experience helping clients navigate the complexities around Capital Gains Tax (CGT).
We offer a fully bespoke CGT service and provide each customer with personalised tax advice. Our expert accountants have significant knowledge in all areas of personal and business taxation and will analyse your individual circumstances so we can help you make the most of any capital gains tax relief and available deductions.
Not only do we help reduce your capital gains tax liability, but we also ensure you are fully compliant with HMRC and will deal with them on your behalf.
How M. E. Leech & Co’s capital gains tax advice can help reduce your liability?
- We treat each client as an individual, offering personalised capital gains tax advice – so you make the most of any available tax relief
- We have decades of experience helping clients navigate the complexities and changing legislation that surrounds capital gains tax. Our aim to help you reduce your tax liability
- Let us handle the stress of dealing with HMRC, including liaising with them on your behalf
Make the most of any capital gains tax relief and available deductions
Whether you are considering the sale or disposal of an asset, or need help calculating your tax liability on existing gains, get in touch with our team today
What is capital gains tax?
Capital Gains Tax (CGT) is a tax on the gain when you sell or dispose of an asset that has increased in value.
Disposing of an asset includes:
- Selling an asset – including business assets
- Giving away an asset as a gift
- Swapping an asset for something else
- Getting compensation for an asset
Capital Gains Tax doesn’t apply to all assets, and the tax you’ll pay depends on if your gains in a given tax year fall under your tax-free allowance.
Do I pay capital gains tax on property?
You will have to pay capital gains tax on the ‘gain’ from any sale or disposal of property that is not your main home (Principle Private Residence). For example:
- Buy-to-let properties
- Inherited Property
Any gain made from the sale or disposal of business assets (land or buildings) are also subject to capital gains tax.
If you are a landlord or private individual looking to understand your tax liability on the sale or potential sale of a property, please get in touch to see how we can help. There may also be tax relief available to you.
Capital gains tax on the sale of shares
Alongside gains made on the sale or disposal of land and building assets, you may also need to pay capital gains tax on shares and other investments.
Examples of shares and investments that you may need to pay tax on includes:
- Shares not wrapped in an ISA or PEP
- Certain bonds, such as Premium Bonds
There are many other factors that apply to the Capital Gains Tax applicable to the sale or disposal of shares, for example:
- The date the shares were bought and subsequently sold
- Fees paid to stockbrokers
- If shares were purchased as part of a ‘Rights Issue’ or through another vehicle such as an investment club.
Due to the many complexities surrounding the calculation of stocks and shares gains, combined with continually changing HMRC legislation, it’s easy to see why many businesses and individuals come to M. E. Leech & Co for Capital Gains Tax Advice.
Why choose us as your trusted partner?
Expertise
Our team brings years of industry experience to provide knowledge and solutions to accounting needs and bookkeeping needs.
Accuracy and Compliance
With stringent attention to detail, we ensure your financial records are accurate, and compliant with all regulations.
Client Approach
Your success is our priority. We go above and beyond to provide exceptional service and support,building long-term partnerships .
Accurate financial reporting
Ensure precision in your financial reporting with our expert guidance. Trust us for accurate, reliable results that empower your business decisions.
Profitability recommendations
Elevate your profitability with our actionable recommendations. Let us guide you towards increased success and sustainable growth.
Reduce the chance
Minimize risk and uncertainty with our expert advice. We help you navigate challenges and reduce the chance of financial setbacks.
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FAQ
What is bookkeeping, and why is it important for my business?
Bookkeeping involves recording, organizing, and maintaining financial transactions for a business. It is essential for several reasons:
- Helps track income and expenses accurately.
- Provides insights into your business's financial health.
- Ensures compliance with tax regulations and financial reporting standards.
- Facilitates informed decision-making and strategic planning.
What types of businesses do you work with?
We work with businesses of all sizes and across various industries, including startups, small businesses, nonprofits, and corporations. Our customized solutions are tailored to meet the unique needs of each client, regardless of industry or scale.
Do I need to switch to a new accounting software or system to work with you?
Not necessarily. We can work with your existing accounting software or system, provided it meets your needs and requirements. However, if you're looking to upgrade or switch to a more efficient system, we can recommend and assist you in transitioning to a suitable solution.
Do I need to switch to a new accounting software or system to work with you?
Not necessarily. We can work with your existing accounting software or system, provided it meets your needs and requirements. However, if you're looking to upgrade or switch to a more efficient system, we can recommend and assist you in transitioning to a suitable solution.
Is my financial data safe and secure with your company?
Yes, we take data security and confidentiality very seriously. We utilize industry-standard security measures and protocols to ensure that your financial data remains safe and protected at all times. Additionally, we adhere to strict confidentiality agreements to safeguard your sensitive information.
Can I contact you with questions or concerns after I've signed up for your service?
Absolutely! We're here to support you every step of the way. Whether you have questions, need assistance, or require additional support, you can reach out to us via phone, email, or our online portal. Your satisfaction is our priority, and we're committed to providing you with the personalized attention and support you deserve.