Capital Gains Tax Advisory

We specialised in helping individuals and businesses navigate the complexities of Capital Gains Tax (CGT). Whether you’re selling a property, liquidating investments, or need advice on maximizing tax reliefs, our team of experts ensures you remain fully compliant while taking advantage of all available exemptions and allowances.

What is Capital Gains Tax?

Capital Gains Tax is a tax applied to the profit you make when selling assets that have increased in value. These assets can include properties, shares, cryptocurrency, or high-value personal possessions such as antiques. It’s important to note that the tax applies only to the gain, not the total sale amount.

For instance, if you sell a second home in Edinburgh for £300,000 after originally purchasing it for £200,000, CGT will apply to the £100,000 gain, subject to your annual tax-free allowance.

Why Choose a Capital Gains Tax Advisor?

Capital Gains Tax rules are intricate, with numerous exemptions, reliefs, and caveats. Working with a specialist can save you time, money, and stress. Our experienced Capital Gains Tax consultants in Scotland analyze your unique circumstances to minimize your tax liabilities.

We offer expert advice on:

• Utilizing your annual tax-free allowance (£3000 for individuals, £1,500 for trusts).
• Offsetting losses to reduce taxable gains.
• Transferring assets to spouses or civil partners for tax efficiency.
• Completing and filing accurate Self-Assessment tax returns.

Capital Gains Tax Rates

The rate of Capital Gains Tax you pay depends on your income tax band and the type of asset sold:

Whether you’re in Edinburgh, Glasgow, Aberdeen, or anywhere in Scotland, our team ensures you understand these rates and their implications on your tax bill.

Common Situations Requiring Capital Gains Tax Advice

We frequently assist clients in Scotland with scenarios such as:

• Selling second homes or rental properties.
• Liquidating stocks, shares, or cryptocurrency.
• Disposing of business assets or company shares.
• Reporting capital gains on inherited properties.
• Managing double taxation on overseas properties.

If you’re a landlord, property investor, or business owner, our tailored Capital Gains Tax advisory services help you maximize reliefs and minimize liabilities.

Specialised Services for Individuals and Businesses

Capital Gains Tax Advice for Individuals

Life events like divorce, inheritance, or downsizing can trigger Capital Gains Tax obligations. Our Capital Gains Tax consultants in Scotland offer personalized advice to ensure your tax affairs are in order, giving you peace of mind during these transitions.

Capital Gains Tax for Businesses

If you’re a business owner selling assets or shares, you might qualify for Business Asset Disposal Relief (formerly Entrepreneurs’ Relief). This allows eligible owners to pay just 10% tax on qualifying gains. Our advisors ensure you meet the criteria, helping you reduce your tax burden while staying compliant.

Property Tax Advisory for Landlords

For landlords in Scotland liquidating their buy-to-let portfolios, our Capital Gains Tax consultants for property provide expert guidance on reliefs such as private residence relief and lettings relief, ensuring you keep more of your hard-earned profits.

Reliefs and Exemptions Explained

• Private Residence Relief: No CGT applies if your main home has been your only residence throughout ownership.
• Lettings Relief: Available for properties where you and the tenant occupied the property simultaneously.
• Business Asset Disposal Relief: Reduces CGT on the sale of qualifying business assets to 10%.
• Offsetting Losses: Report losses to HMRC to reduce future tax liabilities.

Non-UK Residents and Capital Gains Tax

Even if you’re not a UK resident, you may still be liable for Capital Gains Tax on UK properties. From reporting gains to managing international tax implications, our advisors offer comprehensive support for non-residents.

Why Work with Us?

We take the stress out of managing Capital Gains Tax by providing expert advice tailored to your unique circumstances. Our chartered accountants help you with:

• Comprehensive tax planning and advice.
• Navigating complex CGT rules and exemptions.
• Efficiently filing your tax returns.
• Ensuring compliance with HMRC regulations across Scotland.