Personal Tax Planning
For financial health reason it is essential to do tax Planning to enable you to keep control of your financial issues. Whether it is simple or complex tax affairs it is your responsibility as a taxpayer to pay tax and file your return on time. Due to this a professional advice and support is essential to enhance your tax position.
Our team of Accountants based in South East London will support you with the management of all your financial issues, advising and guiding you on all tax related areas, whilst planning the available options with you.
This will allow you to be on top of your financial situation and save money on tax by making sure you are taking advantage of all your potentials benefits.
We offer a wide range of accounting and taxation services to our clients, such as:
- Account preparation
- Income tax
- Capital gains tax
Capital Gains Tax
Capital gains tax can arise as a result of many different transactions – commonly the disposal of shares, sale of property and sale of business. You can also have a CGT bill just by transferring an asset to a family member even if you don’t receive any consideration for it.
Fortunately, there are many reliefs available to get that CGT bill down or avoid it all together. There are attractive reliefs for disposing of a business.
The deadline for paying is the next 31 January after the end of the tax year you made a gain in. For example, if you made a gain between 6 April 2020 and 5 April 2021 the deadline to pay the tax due will be 31 January 2022.
You can be charged interest and have to pay a penalty if your payment is late.
To discuss your potential liability to capital gains tax and to get professional advice about the reliefs available, fill in your details using the contact form
and a member of our team will contact you soon