Melvyn F. Oarton &
Co.
(of Chulmleigh)
Accountants and Tax
Advisers
|
Capital
Gains Tax This
is a complex area of legislation which will almost always require
professional advice. We
have all the latest means to hand to enable us to calculate the correct
liability and to offer planning before a sale is made. Sales
of businesses and property has become a speciality of ours in recent years.
It can sometimes be essential to approach us before making a sale, as often
it is necessary to gather information in support of claims; for example,
photographic or video evidence. This
may be used to prove for example, that a property is in need of extensive
amounts of work, where it otherwise may have seemed like it was being sold
below market value to a connected person. Residential Property Where
Capital Gains Tax is payable in respect of residential property, for example
when a second home or rental property is sold, the gain will have to be
reported on an online portal to H.M. Revenue and Customs within 60 days of the
sale and this is something that we are able to attend to. |
