Capital Gains Tax

Capital Gains Tax Advice is a modern day necessity as it’s a tax charge payable on an increase in value on the possessions we own.   These possessions could range from shares to antiques, second homes etc. The tax is payable when you sale or give them away.    Year on year the capital gains tax allowances and rates vary therefore it is important to seek Capital Gains Tax Advice from a professional Tax Accountant. The difference in tax rates between UK income tax at 50% and Capital Gains Tax at 18% is unsustainable. Sooner or later the government will seek to close the gap but if only it were entirely that simple. UK Chancellors past and present have for many years been trying to simplify the Capital Gains Tax system only to end up making it more complex. In capital gains tax planning it is vital to take all taxes into account, not just the one you are trying to avoid! There is no point doing one thing to save inheritance tax if at the same time by taking this action