Property Tax 

Thinking about selling or recently sold a property or other asset? Need advice on Capital Gains Tax (CGT)?

We will calculate the liability on your disposal, taking into account all available tax reliefs and your income position.

We can also assist clients to plan the disposal prior to sale. There are often ways to structure a transaction in a more tax efficient manner if pre-disposal advice is undertaken. Once a sale completion has taken place the opportunities for efficient planning are significantly reduced.

When do I have to pay CGT?

You may have to pay CGT if, for example, you:

  • Sell or give away an asset such as commercial or residential property or company shares.
  • Give assets to your children or others or sell them assets cheaply.

What rate is CGT charged at?

It is charged at 18% if you are a basic rate tax payer, and 28% on the amount in the higher rate tax bracket.

Andrew has proved to be entirely trustworthy and has produced consistently reliable tax returns for me

Mr F from Lincolnshire

the ability to identify problems and offer solutions quickly and painlessly!

Barbara, Oakham

I would recommend him to everyone who needs an accountant and have done so with all my friends who have gone freelance

Stevie, Rushden

© 2020 Arcus Taxation Accountants is the trading name of Arcus Associates Ltd. Registered in England & Wales Company No. 05065405.

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