Capital Gains Tax

Individuals are charged Capital Gains Tax in respect of gains made from selling, transferring or otherwise disposing of assets.

There are many common assets that can be subject to Capital Gains Tax (CGT) when they are disposed of, such as stocks, bonds, precious metals, property etc.

The legislation for CGT is a very complex area. There are many reliefs and exemptions which may lead to significant tax savings. We at Nationwide will be able to prepare your CGT computations, claim any reliefs that you may be entitled to and calculate any liability that may be due.

If you are considering selling a personal asset or all or part of your business, we can advise you of the tax planning opportunities available to you before you make your disposal, in order to mitigate or reduce potential tax liabilities.

Inheritance Tax

In the event of your death, your beneficiaries could pay inheritance tax at 40% on the value of your estate above £325,000.

If your estate including the value of your home is worth £500,000, that could mean a tax bill of £70,000.

For an estate of £1m, the tax figure could become £270,000!

Our advice, your business….. it all adds up

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