Capital Gains Tax

Capital Gains are the profits from the assets you sell, for example property, shares etc. As they contribute as part of your income you therefore are required to pay tax. The amount of tax owed on the capital you have gained will differ from one situation to the next depending on your tax-free allowance i.e. how long the assets were held by you before you sold them on. To legally minimise the amount of tax you need to pay HMRC, it’s essential to carefully plan your capital asset disposal. This is where our professionals can step in at Smart AT. We ensure that reliefs are maximised within principal private residence, property lettings and entrepreneurial ventures, so that you are not overpaying on your capital gains tax.