The disposal of assets could be liable to Capital Gains Tax. This tax is applicable if you sell or give away an asset that has increased in value. The rate of Capital Gains Tax is either 18% or 28% depending on whether you are a basic rate or higher rate taxpayer so liabilities can be significant.
Examples of assets that could be liable to Capital Gains Tax include property, shares, a business and assets held in trust.
We can assist you with planning the disposal of assets and with calculating any tax liabilities. We will ensure that any applicable reliefs and allowances are utilised in order to minimise your tax liabilities
For a no-obligation initial meeting to discuss your requirements please get in touch.