Tax
Capital Gains
David Teale is one of our tax consultants, for advice call 0161 767 1291.
Both individuals and companies are taxable on their capital gains. Due to the often substantial values involved the tax liabilities can be large. A wide range of reliefs exist which can be utilised to significantly mitigate these liabilities as part of pre-transaction planning. However, such planning will usually need to be carried out in advance of the disposal, and sometimes significantly so. Capital gains may also arise in circumstances other than an actual sale at a profit - for example a transfer of an asset between connected parties.
It is vital to ensure that professional advice is sought at the earliest opportunity wherever significant capital transactions are planned. DTE can assist and advise you in all areas relating to capital gains.
