If you own things and decide to sell them, then you may have to pay capital gains tax.
The good news is there are lots of ways of reducing the amount you pay or avoiding this tax altogether. But you do need good and accurate advice.
That’s where the team at Manchester accountants, The Accountancy People, can really help you.
You can end up paying capital gains tax as a result of many different transactions such as selling shares, property or a business. You can even get a bill just by transferring an asset to a family member even if you don’t receive any money for it.
Fortunately, there are many tax reliefs available to get that CGT bill down or avoid it altogether.
Please get in touch with us so we can help you.