Capital Gains Tax & Inheritance Tax

At some point, most of us will need advice in connection with the incidence of capital gains tax and inheritance tax.

We specialise in these areas and can advise in connection with the following;

Principle private residence relief

• the extent to which on the sale of your main house you will be eligible for principal private residence relief

• planning to maximise principal private residence relief

Entrepreneurs' relief

• capital gains tax reliefs aimed at businesses, such as entrepreneurs' relief, which if available taxes certain gains at only 10% rather than the normal 20% or 28%, holdover reliefs and rollover reliefs

• capital gains tax as it applies to non-residents. The rules have changed several times in recent years, particularly where a corporate structure is involved

Inheritance tax planning

• advice in connection with inheritance tax planning, including the availability of various reliefs such as business property relief, agricultural property relief and the spouse exemption

• inheritance tax as it can apply to non-domiciled persons

Inheritance tax returns

• dealing with the estate of a deceased person, including preparation of the IHT returns and accounts required by the executors