It’s important for business owners to understand capital gains tax and how it applies. This can be complex since there are a lot of interacting and counteracting rules. There are exemptions to understand and good financial planning can help you navigate the capital gains tax process. Our guidance can make sure you stay tax efficient and understand fully your obligations and where and you can be making savings or disposing of assets to the advantage of your cash flow.
Capital gains are taxed at different rates to income tax. The reason for this is because purchasing assets is considered taking a risk. Whether entrepreneurial or an investment, the additional risk carries the potential for a greater reward.
Talk to us to discuss your capital gains tax queries with a specialist business tax accountant. We can help you understand capital gains tax and exactly how this affects your specific business position. This will help inform your business strategy and activities for the very best outcomes.