A progressive, South West based accountancy practice

A trip down memory lane

Jane came in to see Steve about two years ago, asking for advice on the Capital Gains Tax aspects of a proposed gift of a house to her daughter. That gift now needs to be reported and Jane asked Steve to assist with the calculation of the final tax bill. Using his knowledge of the CGT rules, Steve was able to let he know how much tax would be due, and suggests ways in which the tax could be deferred or even eliminated entirely.

CGT is currently an optional tax, so if you’d like to know more about how to defer or eliminate it, either before or after the event, get in touch.