FAQ: Tax Planning
Q. We want to help our 20 year old daughter buy her first flat, but we’re worried about putting such a valuable asset directly in her name. Is there anything we can do to protect the property until she’s a bit older?
Capital Gains Tax can arise when you dispose of capital assets such as land, buildings, shares and businesses.
Everyone is entitled to an annual exemption, but we can also advise on the other reliefs and deductions that may be applicable to your transaction. In appropriate cases, you may be able to pay Capital Gains Tax at a lower rate than Income Tax.
We can give practical advice on planning for Capital Gains Tax in the future and also help with self-assessment personal tax returns and trust and estate tax returns, including Capital Gains Tax computations and payment.
Particular areas where we can help include:
For further information please contact one of the team.
