Rowley's Chartered Accountants Leicester
Client Login
Tax Planning & VAT > Capital Gains Tax Planning
Key Contact
Mark Hook BA(Hons) FCA CTA
Mark deals with corporation tax and personal tax matters for clients but he has specialist knowledge in all areas of tax planning.
T: 0116 282 7000
E: mark@rowleys.biz
A flat rate of 18% applies to any 'gain' or profit above the annual exempt amount, which stands at £10,100 for the year ended 2011, for all gains made on or before 22 June 2010.
For gains made after 22 June 2011, the rate is either 18% if you are a basic rate tax payer or 28% if you are a higher rate tax payer. You will be a higher rate tax payer if your income for the year ended 5 April 2011 and gains made between 23 June 2010 and 5 April 2011 exceed £43,875.
However there are various reliefs and exemptions available which can significantly reduce or even defer your CGT liability if the correct planning is put in place, but this normally has to be done before the asset is sold or given away.
To find out more about how we can help you, please contact mark@rowleys.biz or call on Leicester 0116 282 7000.
Latest News
The New Workplace Pension Regulations
Feb 3, 2012
Are you ready for the Pension reform? What changes are being introduced? Who will be affected by these changes? When will the new rules be in place?
Other Recent News
Feb 2, 2012
Rowleys help drive efficiencies at Northampton distribution centre
Jan 30, 2012
Dec 2, 2011
"Thank you and your staff for looking after our interest in the UK. The Multination businesses are in business because people like yourself provide good services and look after the other interest."
Laj Prasher, Director, Citel Technologies UK Ltd