There are strict deadlines for completion of tax returns and payment of tax, and the Inland Revenue can impose penalties and charge interest if the deadlines are not met. We can prepare tax returns, claim exemptions and reliefs, check your liability to ensure that you pay no more tax than is absolutely necessary, claim a refund of any tax overpaid and ensure that you comply with the deadlines.
Capital Gains Tax (CGT)
CGT is a tax on the profit made from the disposal of certain assets, including stocks and shares, business interests and property you may own in addition to your principal private residence. “Disposal” means not only selling the asset, but can also mean making a gift of it. It is possible to avoid or reduce CGT by ensuring that legal and beneficial ownership is arranged in the most tax effective way, and by making sure that you claim all the reliefs and exemptions to which you are entitled.