Capital Gains Tax help and advice

The coalition government's first budget has seen an increase in Capital Gains Tax. Many believe further changes and complexities will arrive in due course. It is a tax where the Old Mill tax advantage will always look for innovative solutions.

Capital Gains Tax is a complex tax and we can help you to limit it's impact by:

• A review before the end of the year to advise on disposals of share to ensure the annual exemption is fully utilised
• Advising on use of existing capital losses
• Advising on reliefs available where gains arise and ensuring they are used
• Advising on making the maximum use of private residence exemption
• Obtaining Inland Revenue agreement where valuations are involved
• Dealing with Trust capital gains
• Advising business people on effective use of the £5 million lifetime allowance of Entrepreneurs relief