Capital Gains Tax
What is capital gains tax?
Capital gains tax is a tax on profit when you sell (or dispose of) something (an asset) that increased in value. It’s the gain you make that is taxed, not the amount of money you receive.
Not all asset disposals are taxable and you may not have to pay tax if the gain is below your tax-free allowance, buts it’s important to review the rules to ensure you pay the correct tax.
Disposing of an asset is more than just selling something, capital gains tax could also arise if you give it away as a gift, transfer ownership to someone else, swap it from something else, or receive compensation for it e.g. insurance claims.
Why do I need Treetops to help with my capital gain?
Computing capital gains tax has the potential to be a complex and challenging task. While it is theoretically possible to calculate capital gains tax yourself getting it wrong or missing out on valuable tax reliefs could significantly impact your tax bill.
Let us take away the headache and financial risk by appointing us to compute your capital gains tax.
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