There are many common assets like property,stock, bonds that can be subject to Capital gains tax (CGT) when they are disposed off, giving rise to CGT Event which is taxable.
The legislation for capital gains tax is a very complex area. There are many reliefs and exemptions which may lead to significant tax savings. It is therefore recommended that you seek the advice of AATBS Accountant who will be able to prepare your capital gains tax calculations , claim any reliefs that you may be entitled to and calculate any liability that may be due.
If you are considering selling a personal asset or all or part of your business, we can advise you of the tax planning opportunities available to you before you make your disposal, in order to mitigate or reduce potential tax liabilities.