Call 020 37456118 - Email firstname.lastname@example.org
Capital Gains Tax (CGT) is payable by individuals, trustees and
'personal representatives' (PRs). Companies pay corporation tax on their capital gains.
There are annual tax free allowances (the 'annual exempt amount') for individuals, trustees and PRs. Companies do not have an annual exempt amount.
For individuals net gains are added to
'total taxable income' to determine the appropriate rate of tax. The standard rate applies only to the net gains which, when added to total taxable income do not exceed the
'basic rate band'.
Gains which qualify for
'Entrepreneurs' Relief' or
'Investors' Relief' are charged at 10% for the first £10m of qualifying gains.
Head on over to our quick contact form and we'll do our best to can help...
Simply send us an email stating a date and time to call and one of the team will be in touch...
Want to receive monthly updates on latest accountancy news?
Sign up to our free newsletter to stay in touch.