Capital Gains Tax

Our tax advisers at SMH are highly qualified and experienced professionals in the industry and are therefore ideally placed to identify any opportunities to minimise your CGT liability.

Capital Gains Tax (CGT) is payable when assets are ‘disposed of’ at a profit’.

Importantly, current rates of CGT range between 10% and 28%, whereas the ‘marginal rate’ of Income Tax (IT) rates can be up to 60%. It may therefore be worthwhile considering if your affairs can be arranged to ensure that you receive capital profits (subject to CGT) rather than income profits (subject to IT).

The reliefs and exemptions applicable to this tax are numerous and easily overlooked.

Please call us today to find out how we can help with your tax affairs.

Please Note The Financial Conduct Authority does not regulate some forms of Tax Advice.