Rowley's Chartered Accountants Leicester
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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
Capital Gains Tax (CGT) is charged when you sell or give away an asset that has increased in value.
A flat rate of 18% applies to any 'gain' or profit above an annual exempt amount, which stands at £10,100 for the year ending 5 April 2010. 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
Managed payment plans
Mar 10, 2010
HMRC has announced that they will launch a new method of paying tax liabilities, known as Managed Payment Plans, in April 2011.
Other Recent News
Mar 2, 2010
Important changes when paying VAT by cheque
Feb 23, 2010
New interest charges for late payment of PAYE and NIC
Feb 23, 2010
Reminder of compulsory online PAYE filing
Pause for thought >
"The difference between evasion and avoidance,
is the thickness of a prison wall"