Welcome to Monies, where our expertise in capital gains tax empowers you to navigate with confidence. Whether you’re selling assets, shares, or property, our tailored advice ensures you minimise tax liabilities while maximising your gains. With our strategic planning and personalised approach, we’ll guide you through every step of the process, helping you achieve your financial goals efficiently and effectively.
Ready to streamline your financial management? Request an online quote today and take the first step towards financial peace of mind.
Get a quoteAt Monies, we understand capital gains tax (CGT) inside out. CGT is a tax on the profit from selling assets like property and shares in the UK. The amount you pay depends on factors such as the type of asset and your annual CGT allowance, currently £12,300. While higher-rate taxpayers face a 20% CGT rate, basic-rate taxpayers pay 10%. Gains on residential property are taxed at higher rates: 28% for higher-rate taxpayers and 18% for basic-rate taxpayers.
Thinking about why you need an accountant for your capital gains tax? Here’s the deal: alongside standard rates, there are nifty exemptions and reliefs for specific assets like personal possessions under £6,000, cars, and lottery winnings. Plus, there’s the Business Asset Disposal Relief offering a tidy 10% CGT rate for business disposals, given certain conditions. Remember, if you’re gifting assets, there might still be a CGT bill if it’s appreciated. It’s your job to report gains to HMRC through Self-Assessment, so keeping meticulous records is a must. With Monies, you’ve got an expert to guide you through CGT smoothly and efficiently.
Kickstart your journey to stress-free financial management.
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Our instant quote tool provides an estimate of charges for the services you need, tailored to your requirements.
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Once you've received your quote, we’ll be in touch to kickstart the process. We'll need some basic information to ensure we understand your specific needs and preferences.
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Enjoy a complimentary consultation with one of our expert advisors. We'll discuss your goals, address any questions or concerns you may have, and tailor our services to meet your requirements.
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Sit back and relax as we take care of the rest. From managing your accounts to providing ongoing support and guidance, our team is dedicated to ensuring your financial success.
Ready to streamline your financial management? Request an online quote today and take the first step towards financial peace of mind.
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Request an online quote today and take the first step towards financial peace of mind.
