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 November 22nd 2008  

Capital Gains Tax


Disposal of assets can result in significant tax charges; charges which may be reduced with effective pre-transaction planning.  Our tax advisers can assist you in this planning and advise you on options to minimise your exposure.

Taper Relief

The longer an asset is held before disposal, the less the effective rate of capital gains tax payable – down to 10% on those qualifying for Business Asset Taper Relief .

If you are planning any of the following then Taper Relief legislation may apply:

  • sale of company shares
  • transfer of shares to other family members
  • company repurchase of shares
Qualification for this 10% tax rate is not automatic. To ensure you achieve the maximum tax saving contact our tax advisers, who will work with you to review your business and determine its Taper Relief position, enabling you to plan ahead with confidence.

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Personal Tax
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Alexander & Co
Chartered Accountants
17 St. Ann's Square
Manchester
M2 7PW

 
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