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Capital Gains Tax

Whenever you make a gain, HMRC want a slice of the action.  Most often we are calculating gains on land transactions but gains can arise in many places.

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This is a complex area of tax and while at its core it can be simplified down to:

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How much you get for the thing...

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                  Minus how much you paid for the thing...

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      Times by tax rate of 20% (most assets) 28 (residential property)

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The real complication come in the second part, how much you paid for the thing.

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In the case of land or farming business asset, it normally comes with a long and rich history that may have involved numerous passing of hands, trusts, incorporations, and splits.

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It's our job to work through the complication and get the right amount reported to HMRC which can be required in as little as 30 days for residential property.

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