Capital Gains Tax (‘CGT’) Advice

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Our specialist tax and trust lawyers are able to help you to reduce a potential CGT liability or avoid it altogether

Capital Gains Tax is charged on the disposal of assets sold at a gain. The tax is charged on the difference between the acquisition cost and the proceeds of sale.

There are various reliefs and exemptions available to help reduce exposure to liability but this is a complicated area where the provision of good advice can make a great deal of difference.

Our specialist tax and trust lawyers are able to help you to either reduce a potential CGT liability or avoid it altogether, through the provision of prudent tax planning advice.

Our lawyers look to try to provide a solution to specific problems whilst bearing in mind the bigger Estate and Succession Planning picture.

The team have a wealth of experience in advising on various CGT issues including the CGT implications of: –

  • The disposal of properties (and in particular second homes/investment properties) and claims for Principal Private Residence Relief
  • Gifts, including the setting up of Trusts
  • The Administration of Trusts and Estates
  • Aspects involving businesses including the application of Entrepreneurs Relief when disposing of business assets.

“The private client team at Rix & Kay is adept at handling specialist trust, tax, and succession planning issues, and advises business owners on complex asset and personal wealth arrangements. The firm also fields a later life team specialising in Lasting Powers of Attorney and Court of Protection work, and a probate team assisting with estate administration. The practice is led by Bruce Clarke, who is described as always on the ball.”

“As a client, the key for me is technical competence, proactive and relevant advice coupled with strong personal relationships. It is rare to find all three so well catered for, and for me, Rix & Kay scores full marks here”.

“I work with Bruce Clarke, who heads the Private Client team at Rix & Kay. He is always on the ball as far as my affairs are concerned, and makes his advice so personal and relevant at the same time”.

“The calm and excellent Max Wright advises on estate administration, mental capacity issues, and an array of probate matters. He is a calm and excellent lawyer dealing with high value estates”.

“Ian Best – sensible knowledge and good personal attention”.

Industry peers praise Rix & Kay in the latest edition of Legal 500

 

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