With careful tax planning, it is often possible to reduce, avoid or delay payment of capital gains tax. We are chartered accountants with specialist knowledge of capital gains tax. We will advise you on reducing or delaying this tax on your shares or property, in the following ways. Reducing the amount of capital gains tax assessable
When to use a capital gains tax accountant?
If a divorce is imminent, considering how to minimise any related CGT implications. Influencing the timing of the sale, including considering whether the disposal can be spread over more than one tax year, to maximise available reliefs and exemptions,
How are capital gains taxed in mutual funds?
Taxation on Mutual Funds Tax Type Type of Fund Type of Fund Equity Funds Debt Funds Short Term Capital Gains (STCG) Tax 15% on Gains As per the income tax slab of the invest Long Term Capital Gains (LTCG) Tax 10% on Gains above Rs 1Lakh 20% after Indexation benefit
When to claim Gift relief on capital gains?
For assets gifted or sold to another family member at undervalue, submitting a Gift Relief claim, to effectively delay payment of capital gains tax until when the asset is next disposed of.
Which is the best service for capital gains tax?
The most popular capital gains tax service we offer is calculating your current exposure to this tax, then discussing your options for restructuring your affairs to reduce this tax.
Can a capital gain be redeemed over a year?
This can be particularly useful within areas of corporate finance, where equities can be exchanged for loan notes, which can be redeemed over a number of years, taking advantage of more than one year’s worth of annual exemption. Careful Will planning, as death ‘washes out’ the pregnant capital gain in any asset.
