Plan strategically, save substantially
Expert Capital Gains Tax Accountants & Advisors
With tax-free allowances shrinking and rates increasing, it’s never been more worthwhile to have a team of expert capital gains accountants on your side. Whether you’re selling property, shares or your business, we can help you keep more of what’s rightfully yours.
From property investors to business owners planning their exit strategy, our tax accountants have helped clients across Manchester, Liverpool and the UK save thousands through strategic planning.
Book a meeting today. Call 0161 399 0121 or email us at info@williamsoncroft.co.uk.
Why appoint Williamson & Croft’s CGT advisors?
Time and again, we’ve witnessed how appointing an experienced advisor with years of expertise and knowledge can transform our clients’ outcomes.
Our accountants will prepare a bespoke plan that suits your specific needs and goals. Plus, as full-spectrum tax specialists, we can create a holistic tax strategy that joins up all the dots, from Vendor Due Diligence if you’re eyeing a business sale to Stamp Duty Advice if you’re liquidating a property.
Want to understand more about business and personal tax topics? We break down common queries without any of the jargon in our news hub and FAQs.
What is the Capital Gains annual allowance?
The Capital Gains Tax annual allowance is the amount of profit you can make from selling assets before paying any Capital Gains Tax.
Currently, the tax-free allowance is just £3,000 per person. This means you’ll have to pay CGT on any gains above this threshold. The allowance has been dramatically reduced in recent years, from £12,300 in 2022 to £6,000 in 2023 and now to just £3,000. Exceed this and you’ll pay 10% or 20% on most assets or between 18% and 28% on residential property.
What people often don’t know is that there are government-backed tax relief schemes and strategies for spacing asset disposal that can significantly reduce your liability. Our capital gains specialists help you take advantage of them.
Why pay more than you need to? Plan ahead to stay ahead.
Reduced allowances? Time to call in the specialists
With the annual tax-free allowance cut dramatically from £12,300 to just £3,000, and property disposal reporting compressed to just 60 days, the stakes are higher than ever. That’s why it’s crucial you get every form of relief you can and plan your asset disposal as carefully as possible.
We’ve helped prevent thousands of clients from being stung by tax on appreciation. Why not see what we could do for you?
Secure prime tax rates for your business
Did you know that Business Asset Disposal Relief (formerly Entrepreneurs’ Relief) can reduce your Capital Gains Tax rate from 24% to just 14% when you sell your business. With the lifetime limit recently reduced from £10 million to £1 million, it’s never been more essential to properly plan to get the best from your exit.
Our CGT advisors can help you navigate the complexities of buying and selling a business in the most efficient way possible.
Find hidden deductions on your property CGT bill
Did you know that property sellers now have just 60 days to report and pay Capital Gains Tax? This isn’t long to get your ducks in a row. Our capital gains tax specialists can identify often-overlooked deductions like improvement costs and explore Private Residence Relief if you’ve ever lived in the property.
With property tax rates at 18-28%, finding every legitimate deduction can save you thousands on your tax bill.
Plan your investment disposals smartly
Did you know that carefully timing your investment sales around tax year boundaries can make a big impact on the tax you pay? Our tax accountants help investors use this and other strategies, like matching gains with available losses to minimise tax. With CGT allowances reduced to just £3,000 and higher-rate taxpayers facing 20% rates on investments, getting professional planning just makes good sense.
Increase your after-tax returns by creating a bespoke plan for how to extract your investments.
Hear what our clients have to say
Williamson & Croft are a fantastic accountancy firm who have always provided us with a stand out service. We couldn’t be happier with the level of support they provide and the speed and efficiency of their operations. Not only are they experts in accountancy, tax and advisory, but they truly understand the digital marketing sector too. Highly recommended.
Hear what our clients have to say
Fantastic service. Williamson & Croft have helped us grow as a business and we would recommend them highly to anyone. The whole team are always helpful and informative.
Hear what our clients have to say
We were very impressed with the expertise and professionalism that Williamson & Croft provided to us during our recent group restructuring and we would highly recommend their services
Meet our expert capital gains tax accountant
Capital Gains Tax (CGT) is a tax on appreciation. In other words, any profit you make when you sell or dispose of an asset that has increased in value. You’ll need to pay it when selling most assets, including property, shares, businesses and valuable possessions.
Unlike Corporation Tax, CGT isn’t due at a specific time of year. It’s triggered by the sale of the asset that has gained value. That starts a ticking clock before you need to pay, otherwise, you risk fines from HMRC. Having a carefully constructed plan created by our team of CGT advisors ahead of the sale puts you back in control.
Yes. There are a variety of completely legitimate strategies we can explore, including using your annual allowance, offsetting losses, claiming reliefs like Business Asset Disposal Relief, transferring assets between spouses and timing disposals strategically around tax year ends.