Non-Domicile Taxation Update

Capital Gains Tax (“CGT”)

Capital Gains Tax (CGT) is a tax on the gain made when you sell or transfer chargeable assets.

Net gains for the year in excess of the annual exemption, less any capital losses bought forward are charged to Capital Gains Tax (CGT) as the top slice of the individual’s income.

We can advise on

• The basis of the Capital Gains Tax charge
• Chargeable and exempt assets
• Tax Planning opportunities between spouses
• Basic deferrals and exemptions
• Computation of chargeable gains and losses and calculation of the tax liability
• Taper relief
• Structuring disposals to minimise the capital gains tax
• Advising on Capital Gains Tax (CGT) deferral via Enterprise Investment Schemes
• Basic planning points on business disposals

For further information on Capital Gains Tax please contact Robert Kern or Daniel Sopher on 0208 207 0602.

We are based in Mayfair, London, Borehamwood in Hertfordshire and Pinewood in Buckinghamshire.