CAPITAL GAINS TAX

Dealing with Capital Gains Tax (CGT) is a necessary step when you sell or dispose of an asset that has increased in value, such as a second property, investments, or shares. At AJB Accountants, we provide specialised services to guide you through the complexities of CGT, ensuring compliance and maximising tax efficiency.

Our service begins with comprehensive advice on Capital Gains Tax, helping you understand when CGT applies, what allowances and reliefs are available, and the timing of disposals. This proactive guidance is critical in structuring transactions to minimise your tax liability legally.

The most vital part of our service is providing full and accurate calculations. We meticulously work through all figures, accounting for the original cost, any allowable expenses, and current market value to determine the precise taxable gain. This accuracy is paramount to ensuring you are not caught out by errors or omissions when you incorporate the figures into your General Tax Return. Incorrect CGT calculations are a common source of HMRC enquiries, and our expertise ensures your submissions are robust and fully defensible.

From determining the acquisition cost of an asset to calculating the final tax owed, we simplify this complex area for you.