Whenever you sell an asset also referred as disposal, although some exemptions exist but you will more than likely have to pay tax depending on your gains. There are steps that you must follow which will enable you to accurately determine the total purchase price as well as the total selling price. Tax is usually paid on the net proceeds – but there are some tax efficient rules to make use of which will lower your tax bill. Get in touch with us, and a member of the team will be able to help you calculate all of the relevant figures.
Our team will gather all the relevant data from you pertaining to the transaction such as the purchase price, selling price, relevant dates and any additional fees that you may have incurred. Once this is done, we calculate the tax to be paid on the gain
We can also advise on some tax efficient reliefs which are available to you. These reliefs will help you save tax.