Capital gains tax

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

Upon realising the proceeds from the sale of your property, you should be able to maximise the net return by minimising the capital gains tax (CGT) on sale.

CGT is charged on the difference you paid for an asset and what you receive when it is sold, less reliefs, less your annual CGT exemption, if this has not been set against other gains.

There are a multitude of reliefs available for CGT, but the rules are complex and only apply in specific circumstances. GMP’s extensive knowledge of tax legislation enables us to identify these for you and to advise on sale, or in advance of disposal.

Our advisers 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

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