Capital gains tax.

Don’t lose out.

Selling a property isn’t as straightforward as you may think, and you can often end up paying a hefty tax bill on the profit you make. Lots of people aren’t fully aware of the intricacies of capital gains tax (CGT) and end up paying more than they should.

You’re required to pay CGT on any chargeable assets, which include most personal possessions worth more than £6,000. There are exceptions, like your car, property which isn’t your main home, any let property, business assets or property used for business purposes – but you’ll usually pay the highest amount of CGT on residential property.

At Laud Meredith, our tax team is on hand to help you understand how much you need to pay on any gains you make. We can also advise on how to dispose of your assets in a more tax-efficient manner, saving you some money along the way. 

To get the most out of your asset sale, we’ll help you think about the ownership structure of your property and make use of tax-free allowances.