Capital Gains Tax Planning

As a general rule, you have to pay Capital Gains Tax (CGT) at a rate of 18% if you sell something for more than you paid for it.

Shares, land, buildings, part of a business and expensive antiques or jewellery are the sort of assets that will usually attract a CGT liability. However, you may also have to pay CGT if you merely give something away or receive compensation or prize money.

Absolute Financial Services will in conjunction with your accountant (if necessary) provide advice and strategies that will allow you to use your allowances either to reduce this potential tax over the longer term or even find ways of increasing your non taxable income.