Capital gains tax
If you are considering selling your business or other business assets, including shares, machinery and even goodwill, capital gains tax (CGT) is likely to be an important consideration.
CGT is also levied when you sell or give away certain assets that have increased in value, including property other than your main home and personal possessions worth £6,000 or more, such as jewellery, paintings or antiques.
With the tax levied at 18 per cent or 24 per cent, depending on whether you are a basic or higher rate taxpayer, we offer a comprehensive range of services designed to maximise CGT efficiency, including:
- helping you make the most of the CGT personal allowance and other exemptions and reliefs
- advising on the CGT implications of any business transaction or the sale other assets liable to CGT
- advising on the timing of disposals to minimise tax due
- helping to ensure business disposals qualify for Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief, which reduces the CGT rate to 14 per cent on lifetime gains of £10 million. Please be aware that this tax rate rises to 18 per cent from April 2026.
- advising on gift and transfer strategies.