Capital gains tax

If you are planning to make a disposal of a business asset (such as a share of a business or a property), GMP’s services can assist you.

We want to ensure you are able to maximise the net return from sale by minimising the Capital Gains Tax (CGT).

CGT is charged on the difference you paid for an asset and what you receive when it is sold, less your annual CGT exemption, if this has not been set against other gains. But there are numerous reliefs available for business assets disposed of such as Entrepreneurs’ Relief and Business Asset Holdover Relief. These reliefs can be complex and it is essential that specific criteria are met to obtain them.

We as advisors can help you to make the most of any CGT reliefs and exemptions that may be available to you.

For more information, please contact us.

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Gibbons Mannington & Phipps LLP, 20 Eversley Road, Bexhill-on-Sea, East Sussex TN40 1HE
Gibbons Mannington & Phipps LLP, 24 Landgate, Rye, East Sussex TN31 7LJ
Gibbons Mannington & Phipps LLP, 82 High Street, Tenterden, Kent TN30 6JG

GMP Audit Limited, 20 Eversley Road, Bexhill-on-Sea, East Sussex, TN40 1HE

Company registered in England & Wales Number : 11309384

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