At JSM, we look closely at the history of your assets to determine whether you can deduct any incidental costs of acquisitions and disposals, enhancement fees or professional service fees from your capital gains bill.
There are many designated tax reliefs available that may help you to offset the cost of Capital Gains Tax. This includes Gift Relief, Private Residence Relief, Lettings Relief and Business Asset Disposal Relief (formally Entrepreneurs’ Relief) etc.
Landlords often pay more Capital Gains Tax than necessary when selling a buy-to-let property. We can advise you on the best ways to reduce your tax exposure in keeping with evolving tax laws. In most cases where you sell a property, you will have to report the disposal and pay any CGT within 60 days. We will be able to assist you in this process should you require help.