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Capital Gains Tax (CGT) might not be the most exciting part of owning assets, but managing it effectively can make a huge difference to your financial health. Whether you’re selling property, investments, or other valuable assets, navigating CGT can feel like a complex puzzle. That’s where Black & White Accounting comes in.
As a dynamic and fast-growing accountancy firm, we’re here to take the stress out of CGT. With expert advice and state-of-the-art software, we help you calculate, plan, and minimise your tax liabilities, ensuring you keep more of your hard-earned money.
CGT Services You Can Rely On
Our CGT services are designed to provide clarity, compliance, and cost savings, no matter how complex your situation:
- Asset Valuation: We help you determine the correct market value of your assets to ensure accurate CGT calculations.
- CGT Calculations: Using advanced software, we calculate your CGT liability, factoring in exemptions, reliefs, and allowances.
- Property Sales: We specialise in handling CGT for UK residential property sales, ensuring compliance with HMRC’s 60-day reporting and payment deadline.
- Investment Portfolios: Whether you’re selling shares, cryptocurrency, or other investments, we provide precise calculations and advice to optimise your tax position.
- Inheritance and Gifting: We advise on CGT implications for inherited or gifted assets, helping you plan effectively.
- Reliefs and Exemptions: From Private Residence Relief to Entrepreneurs’ Relief, we ensure you claim every relief and exemption you’re entitled to.
- Future Planning: Our forecasting tools help you model different scenarios, allowing you to plan sales strategically and minimise future liabilities.
- HMRC Submissions: We handle all the paperwork, ensuring your CGT returns are submitted accurately and on time.
Case Studies: CGT Success Stories
Case Study 1: Maximising Relief for a Property Sale
A landlord sold a rental property but was unsure about the CGT liability. We calculated their taxable gain, applied all available reliefs, and ensured compliance with HMRC’s 60-day reporting rule. Our expertise saved them thousands in tax and gave them peace of mind.
Case Study 2: Simplifying CGT for Cryptocurrency Gains
A tech-savvy investor with a diverse cryptocurrency portfolio needed help managing their CGT. Using specialised software, we tracked their transaction history, calculated gains, and identified opportunities for tax efficiency. With our help, they filed an accurate return and reduced their liability significantly.
Case Study 3: Entrepreneurs’ Relief for a Business Sale
A business owner sold their company and was eligible for Entrepreneurs’ Relief. We guided them through the process, ensuring they met all criteria and minimised their CGT liability. The result? A smooth sale and substantial tax savings.
Why Choose Black & White Accounting for CGT Services?
- Expert Knowledge: Our team stays up-to-date with the latest CGT rules and legislation, ensuring your tax affairs are always compliant.
- Advanced Software: We leverage cutting-edge tools to streamline CGT calculations, track transactions, and provide real-time insights.
- Personalised Advice: Every financial situation is unique, and our advice is tailored to your specific needs and goals.
- Tax-Saving Opportunities: We know where to look for exemptions, reliefs, and strategies to minimise your CGT liability.
- Seamless Support: From calculation to submission, we handle the entire process, saving you time and reducing stress.
The Future of CGT: A Digital Revolution
As HMRC’s Making Tax Digital (MTD) initiative expands, managing CGT is becoming more streamlined and efficient. At Black & White Accounting, we’re at the forefront of this transition, helping clients use digital tools to track, calculate, and report CGT with ease. Whether you’re a property owner, investor, or entrepreneur, our tech-driven approach ensures you’re always ahead of the curve.
Simplify CGT with Black & White Accounting
Capital Gains Tax doesn’t have to be complicated. With the right expertise and tools, you can manage your CGT efficiently and even uncover opportunities for savings. At Black & White Accounting, we’re here to make it easy. Ready to take control of your CGT? Contact us today, and let’s unlock the full potential of your assets!
