Capital Gains Capital Gains Tax (CGT) is levied on an individual when an asset is sold or transferred. The asset in question can be anything from a house to an investment portfolio. If you are looking to build up and then sell a business, with a view to using the proceeds to fund your retirement, then CGT is an important factor which must be considered. Selling or transferring a business may make you liable to pay CGT on your gains, including gains on your share of partnership assets. What is more, the term 'assets' covers all forms of property, including shares, machinery and the goodwill of a business. Changes have recently been introduced to the way CGT is calculated for such gains taxable after 5 April 2008. We can provide strong accounting advice to business owners on how to derive maximum benefit from the very latest developments. Call Butterworth Jones Chartered Accountants for all Capital Gains Tax help and advice. Trusts and Executorships PERSONAL TAXATION IHT & Estate Planning Capital Gains Self Assessment Personal Tax Planning Non-Domicillary Retirement Strategies
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