Capital taxes, and the reliefs that can transform an outcome.
Gains, gifts and inheritances: we plan the tax on each, and the reliefs that may apply, well before the event.
Capital taxes arise when you sell, give away or inherit assets: Capital Gains Tax (CGT) on gains, Capital Acquisitions Tax (CAT) on gifts and inheritances, and Stamp Duty on certain transactions.
Many of the available reliefs depend on ownership periods and strict conditions, so the value of the advice is highest when it is taken years before a sale or transfer, not weeks.
What we advise on
- Capital Gains Tax: Retirement Relief, Revised Entrepreneur Relief, Principal Private Residence Relief
- Capital Acquisitions Tax: Business Relief, Agricultural Relief, Dwelling House Exemption
- Succession planning
- Trusts
- Stamp Duty, including reconstruction and amalgamation reliefs
Who this is for
- Business owners planning a sale or a handover to the next generation
- Families passing assets, a business or a farm to children
- Individuals and companies with a one-off disposal or restructure
When should I plan for CGT on selling my company?
As early as you can. Reliefs such as Retirement Relief and Revised Entrepreneur Relief carry conditions about ownership, involvement and age or timing that can take years to satisfy.
What is the difference between CGT and CAT?
CGT is charged on the gain when you dispose of an asset. CAT is charged on the person receiving a gift or inheritance. A single transaction can involve both.
Can I pass the family business to my children tax-efficiently?
Reliefs may be available for business and agricultural assets, subject to conditions. The right structure depends on the family, the business and the timing, so take advice before transferring.
Are the thresholds and rates fixed?
No. Rates, limits and reliefs change, often in the annual Budget, so we confirm the current position for your situation when we advise. This page is general information, not advice.
This page is general information and is not advice. Speak to an advisor about your circumstances before acting.
