CGT effects most small business owners at some point
The Capital Gains tax is chargeable as a result of gains made from selling or transferring assets, most commonly in the form of the share capital of their business or other significant personal assets (like second homes for example).
Our tax consultants will work closely with you to optimise Capital Gains tax returns through a variety of reliefs and exemptions, a number of which have been created relatively recently.
However, tax planning is the key to minimising Capital Gains tax. It is well worth discussing your long term plans with your Commercial Manager and our tax team, so you are able to structure your assets in a way which keeps Capital Gains tax to a minimum when the time comes to sell.