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Tax Compliance

Capital Gains Tax reporting

When you dispose of an asset and make a gain (an increase in the value), you could have a potential liability to pay Capital Gains Tax (CGT).
The amount of liability to CGT depends on many factors, so it is vital that your disposal is considered carefully to ensure any reporting is correctly included in your tax return.

Chargeability factors include:

  • The type of asset
  • The nature of the disposal – for instance, whether this is a sale, gift or an exchange
  • The intention and objective of your transaction
  • Your tax residence status – whether you are UK resident or non-UK resident
  • The calculation of the gain or loss
  • The availability of any reliefs and exemptions
  • The level of your taxable income and other gains and losses

At aventae, we understand that the rules for Capital Gains Tax are not always straightforward.

That’s where we come in. We specialise in applying the tax legislation to your scenario to ensure the correct reporting. We also, by standard, consider your tax planning opportunities especially if we are able to advise and guide you before you dispose of any assets.

In addition, we also consider your Capital Gains Tax position alongside other taxes such as Inheritance Tax and Income Tax to ensure a completely tax-efficient outcome.

Whether you’re an individual or a business we can help.

There are also many ways in which your asset disposals can be reviewed for tax planning opportunities, alongside your other personal or business objectives.

Getting expert advice before a disposal

Ask us to review your tax position before you proceed with any transaction, as there could be an opportunity for minimising your tax liability. Getting trustworthy advice on any disposal of an asset before you progress with a transaction is beneficial for several reasons.

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Minimising CGT

We can ascertain various methods using tax legislation, in which a transaction can be structured to minimise your tax liabilities.

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The wider tax picture
We also consider your objectives and wishes alongside the wider tax implications of your situation, including Inheritance Tax, Income Tax, Stamp Duties.
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Preventing unexpected liabilities
A review will give you the reassurance that you won't be creating an unexpected tax liability in the future.
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Compliance and reliefs
If your transaction has already taken place, we can ensure you utilise all the reliefs and exemptions available to reduce your tax liability.

Informed decisions are always the best decisions. Get informed by aventae today.

Capital Gains Tax expertise on specific assets

You are eligible for a tax-free allowance, and some of your assets may even be tax-free. There are also Capital Gains Tax reliefs we can consider. In chargeable situations, we can legally minimise the amount of CGT you might otherwise pay.
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Disposal of your property

The disposal of your property, whether a sale, transfer, or gift, can have a capital gains tax impact, but all transactions have a potential for tax planning. We can advise on ways to reduce the amount of potential Capital Gains Tax on the disposal of property.
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Disposal of your business

Depending on the set-up of your business and whether you are a sole trader, a partnership, or you run your business through a limited company, you may be able to benefit from a reduced rate of Capital Gains Tax on your transaction.

Amanda
Our co-founder and tax specialist, Amanda, can help you:
  • Determine the amount of potential capital gains tax you are liable for in the planning stage of disposing of your business interest
  • Determine whether the criteria are met for any reliefs to apply to your transaction
  • Determine whether the reduced rate of capital gains tax applies
  • Determine whether there are other tax planning opportunities
  • Consider the effect that this disposal will have on your Inheritance Tax position and other tax implications

Ready to assemble your Capital Gains Tax plan?

Let us be your instruction manual and expert toolkit for your CGT and we’ll soon stabilise your tax planning and get it working for you.
I’m Ready