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At Home : Capital Gains Tax

Chappell Associates are able to advise you on all aspects of Capital Gains and help you deal quickly and effectively with the HM Revenue & Customs.

CGT is a tax levied on an individual when an asset is sold or transferred. There are a number of special exemptions such as the sale of your home or car and an annual axemption.

If you dispose of an asset and make gains over certain limits in a tax year then you could end up with a large tax bill, all capital gains should be disclosed to the Inland Revenue.

CGT is charged at 18%. Calculations can be complicated in many instances due to many reliefs and deductions.

Annual Exempt Amount2009-10(£)2010-11(£)
Individuals etc*10,100
Other Trustees5,050
* Individuals, trustees of settlements for the disabled, and personal representatives of the estate of a deceased person.

  contact us 

Chappell Associates
Chartered Accountants
Westfield House
Bratton Road
Westbury
Wiltshire
BA13 3EP

T: 01373 826506
F: 01373 824952
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  areas covered 

Wiltshire, Somerset, Bath, Bristol, Swindon, Salisbury and surrounding areas.

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