Capital Gains Tax Accountant Services

Capital Gains Tax is a tax on a profit or a gain made when an asset is sold. For example, when a business, a shareholding or a property is sold for a higher price than it originally cost, the seller may incur Capital Gains Tax. This tax can be as high as 28% meaning that your Capital Gains Tax liabilities can represent a significant portion of your profits from a sale.

However, this does not have to be the case. With careful planning and consideration, you can often structure a business transaction in a way that will minimise your tax obligations, or take advantage of allowances that may apply to reduce your liability. There are several legally compliant strategies you can adopt to limit your Capital Gains Tax bills, so it can be valuable to seek expert tax advice whenever you plan to buy or sell a business asset.

The Capital Gains Tax accountants at Monetta can help. Our team has a wealth of experience in advising individuals and businesses on meeting their tax obligations and making tax-efficient financial decisions. To learn more about how we could help, get in touch today. Call your local Monetta office or use our online enquiry form to request a call back at your convenience.

Can I Reduce Capital Gains Tax Liabilities?

In most cases, you will need to pay Capital Gains Tax on business assets or property. However, careful planning and expert advice can ensure that transactions are structured as tax efficiently as possible to minimise any Capital Gains Tax liability and to make sure that all available reliefs are claimed. Our team can support you in calculating Capital Gains Tax liabilities, work with you on valuations of assets and businesses to ensure you sell for a fair price, and advise you on any other financial implications.

We can discuss your eligibility for Business Asset Disposal Relief, which sets the rate of tax at 10% on qualifying assets, rather than a maximum of 28% without this relief. Thanks to our thorough knowledge of tax reliefs and allowances, we can help you to understand the tax implications of any business decisions you make, and ensure you minimise your tax liabilities while remaining compliant with the relevant legislation.

What Services Does Monetta Offer?

Monetta has a team of expert tax accountants who can provide guidance and support to individuals and businesses on a wide range of Capital Gains Tax issues. We have supported businesses and individuals with Capital Gains Tax planning for many years. Whether you need specific Capital Gains Tax help or simply want general help with your tax affairs, Monetta can help you in a variety of ways, including:

  • Assisting Individuals on the disposal of personal assets, shares, or properties,
  • Assisting property investors looking to sell buy-to-let properties,
  • Assisting businesses on the disposal of land, buildings or plant and machinery,
  • Transferring properties to children, or other family members in a tax efficient way,
  • Restructuring businesses,
  • Advising on Shares and Capital Gains Tax,
  • Advising Trusts in relation to Capital Gains Tax, 
  • Advising non-UK residents how they are affected by UK Capital Gains Tax rules, 
  • Advising UK residents how they may be affected when selling overseas properties, and 
  • Advising on how best to off-set Capital Gains Tax losses.

Our approach is thorough and based on your specific goals. By reviewing your financial circumstances and considering all of the relevant factors, we can ensure that we provide the best and most accurate Capital Gains Tax advice.

Why Choose Monetta?

Alongside Capital Gains Tax advice, our business accountants can guide you on a variety of other considerations relevant to business tax liability, making Monetta a one-stop shop for your organisation's tax compliance needs. Our qualified tax advisors can prepare accurate and thorough tax returns on your behalf that ensure you always pay what you owe, and no more. We can also offer guidance on accounting, bookkeeping compliance and more.

If you are an individual selling a high-value asset, it is vital to seek professional advice in order to maximise your profit from the sale. Similarly, if you prepare a self-assessment tax return, it is a good idea to have it checked over by an experienced tax accountant who can ensure it is legally compliant and takes advantage of any relevant allowances. This helps to ensure you are not at the risk of overpaying your taxes, which in turn benefits the financial position and stability of your business.

Monetta combines the resources of a national firm with the approach of a local business. That means we invest in each client individually and take the time to understand your financial situation and your goals. In turn, that allows us to tailor our advice, but also ensures we have the available resources to scale our services to meet your needs.

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Monetta’s team of tax experts has many years of combined experience in advising on Capital Gains Tax matters, and the reliefs and savings that apply. Our tax accountants stay up-to-date with the latest developments to ensure you maintain compliance at all times, while also taking advantage of the allowances on offer to ensure you minimise your tax liability.

Contact Monetta today to learn how we can help. Email us using our enquiry form or get in touch directly with your local office.

You can also visit our team page to find out more about our expert advisers and what they can do for you and your business.

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