Our advisers can consider your exposure to capital gains tax on the profits on the sale of buy to let houses, second homes, commercial property, businesses, shares and any other investments or assets.

Gains made on the disposal of most assets are subject to capital gains tax (CGT). The level of CGT you pay is determined by the level of income tax you pay and the nature of the asset you are selling. If you are a higher rate taxpayer you will liable to CGT of 28% on the disposal of non-business assets, basic rate taxpayers will pay 18%. If you have sold a business asset you may qualify for a CGT rate of 10% on profits of up to £10 million from 6 April 2011 (lower limits apply for earlier periods).

If you have disposed of an asset or such a sale or gift is being considered, we can offer CGT planning advice to mitigate your exposure to tax. Our advice may include traditional tax planning techniques or bespoke planning advice depending on your circumstances.

Where appropriate, our advice will seek to ensure:

• All available deductions are made when calculating your gain;
• You are made aware of all tax deferral relief opportunities e.g. Enterprise Investment Scheme and similar opportunities;
• All planning opportunities to maximise Entrepreneurs’ Relief are considered;
• Assets are valued appropriately for CGT purposes e.g. shares in a private company or transactions with connected persons;
• Holdover relief is claimed for gifts of certain assets;
• Rollover relief is claimed for the replacement of business assets;
• Relief is claimed for assets of negligible value;
• Relief is claimed for losses on disposals of assets and on certain loans.

If you require our assistance with CGT planning please contact us at the earliest opportunity.