When it applies
Capital gains tax can arise when you dispose of assets such as a second home or buy-to-let property, shares and investments, or business assets. It applies to gifts as well as sales, which is often overlooked when passing assets to family.
How we help
- Reviewing assets that may carry a gain
- Using annual exemptions and allowances between spouses
- Timing disposals to reduce the tax due
- Considering how gifts and trusts interact with capital gains tax
- Coordinating with your inheritance tax plan
Capital gains tax and inheritance tax often pull in different directions. We look at both together so a saving in one does not create a larger bill in the other.