Believe it or not, there are ways to avoid paying Capital Gains Tax (CGT) that will not attract the ire of the taxman.
One popular method is to transfer your assets to your spouse or civil partner. As long as you are legally married and living together there is no CGT to pay at that point.
You can also reduce the amount of CGT payable on some assets by offsetting a loss. For example, if you make a loss when disposing of one asset that would attract CGT, you may be able to deduct this loss from capital gains that you have made on other assets.
The recent changes to Capital Gains Tax mean that careful forward planning needs to be made before disposing of an asset. The recent changes altered the liability for executors of an estate and Trustees of a Trust. We are able to advise as to your options before you make that sale or gift to make sure you are going about it in the most tax-efficient way.
"“ This is the second time we have used Tracey for the conveyancing to buy our new home. She is always completely approachable, she has helped us along the way with advice and useful tips that has helped lessen the stress. We have complete confidence in her and would not hesitate to recommend her to our friends and family”. - Peter Dawes, Cater Dawes Financial Planning "
"Approachable, very efficient, always willing to take my calls and update me."
"Jade Shelton was absolutely fantastic!! Professional and proactive at all times."
"We were very pleased to have Jade as our solicitor, the service was excellent and we felt kept in the loop which minimised stress"
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"I don't think this house sale would have pulled together without Jo's determination and expertise. Excellent!"
"Jade made the process of buying our first home quick, easy and took the stress out of a new chapter of our lives"
"This is by far the go-to firm for any issues. You are made to feel valued from the outset and they are so confident in what they do. Wouldn't recommend any other. Thank you Hugh and Max."
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"Prompt, helpful, polite and very professional service"