Simplifying Capital Gains Tax Liabilities
If you own property or shares in a company that you are planning to sell, then you will potentially incur capital gains tax liabilities if any profit is made on the sale.
When choosing Prime’s personal accountant services, our tax advisors will work with you to carefully plan the disposal of capital assets in order to minimise your capital gains tax liability.
By utilising your annual personal capital gains tax allowance, we can help you to minimise your liabilities so that you can keep more of your money.
Identifying Your Capital Gains Tax Liabilities
You may be liable to pay tax on any gains made on the value of assets held for more than one year. The disposal of an asset may result in capital gains tax liabilities, unless the asset is considered exempt.
Gains made on the sale of any of the following assets may be liable to tax:
- Your home – unless covered by private residence relief
- Additional residential property – including inherited properties, second homes or buy-to-let property
- Shares – excluding any held in ISA or PEP
- Commercial property
- A business or business assets
- Personal property worth over £6,000 – excluding your car
Minimising Your Capital Gains Tax Liabilities
With our personal accountant services, you will always receive tailored advice on your capital gains tax liabilities.
Our tax advisors will identify and utilise any reliefs available to you, identify any assets that may be exempt and assist you with planning for any future liabilities.
Prime Accountants is committed to helping you cut through the jargon of tax so you can better understand your personal financial situation and plan for the sale of any assets.
Personal Accountant Services That Cut Through The Jargon
Our tax advisors will simplify your capital gains tax liabilities, while our full range of services can help you manage your income tax and inheritance tax responsibilities.
Talk to us today to learn how our specialists can simplify the complex for you.
“It has been a pleasure working with you over the years. I have always known our payroll is in very safe hands. Naturally, I would be very happy to recommend you to any other organisations in future, should they need payroll support.”
“A professional & friendly company who invest time to understand our business, needs and aspirations whilst at the same time providing an invaluable service to our organisation.”
“Adrian Pym was invaluable in this matter and provided the expertise and support necessary to achieve settlement at a level that met with the client’s expectations.”
“Since I started working here, nearly a year ago, Sarah Li has always been so helpful, supportive and always goes the extra mile. Honestly, she is such a credit to your company! I just wanted to say thank you so much for providing us with such brilliant service.”
“We have been clients of Prime Accountants for many years and have always found them to be most helpful, highly efficient and communicative. In particular we have regular dealings with their Payroll department which through the services of Adam Williams runs perfectly for us. When running a business it is so important to know one has strong support and ready available advice on hand which we have always received from Paul Guise and his team.”
“I work with Prime because they fully understand our business needs, having seen us develop over the years our long business relationship is built on trust and loyalty.”
“Prime are genuinely interested in the charity sector and the guidance provided has been impressive. Prime staff are helpful and we look forward to building on this relationship.”
Our Specialist Sectors
Prime Accountants excels in serving diverse industries with tailored financial expertise. Our specialists navigate the unique challenges of each sector, offering precision in accounting, taxation, and advisory services. With a deep understanding of industry dynamics, we ensure that our clients receive strategic financial guidance that aligns with the specific needs and goals of their business. From healthcare to technology, manufacturing to hospitality, Prime Accountants is your trusted partner for comprehensive financial solutions, propelling businesses toward sustained success in their respective industries.
Who We work with
Prime Accountants offers versatile support for businesses of all types and sizes. They optimise financial processes, manage tax intricacies, ensure compliance and provide strategic insights, fostering financial health, efficiency and sustained success across diverse business landscapes.
