Capital Gains Tax (CGT) is a tax charged on the capital gain (profit) made on the disposal of any asset. It is payable by the person making the disposal. The gain/profit (the difference between the price you paid for the asset and the price you sold it for) is considered taxable income. The standard rate is 25% in respect of disposals.

The aspect of Capital Gains tax may seem quite complex, at John McCarrick & Associates we offer the following services in relation to Capital Gains Tax:

• The calculation and submission of Capital Gains Tax computation.
• We ensure that all relevant expenses and deductions have been claimed.
• We ensure that your Capital Gains Tax is submitted on time.

Capital Gains Tax is applicable to all indiviuals whether they be a self assessed individual or a Paye employee. If you have recently disposed of an asset or are thinking of doing so, John McCarrick & Associates would be happy to assist you in such a process.