Tamen Logo

Michael Sohor & Co is now known as Tamen Accountants. This is a name change only - we are the same dedicated team, and look forward to serving our valued clients for many years to come.

Taking the stress of capital gains away

Capital gains is a tax on the profit when you dispose of an asset – which must have increased in value since you first invested in it. We can give you capital gains tax advice to help you structure how you receive this profit, as well as identifying any tax reliefs you may be applicable for.

The service

We are experienced

We have an established team with many years’ combined experience.

We are approachable

We are always available on the phone and via email, there are no queries we can’t handle.

We are cost effective

We can save you money while providing an excellent service at an excellent price.

Your questions answered

Yes you do, but there may be options to reduce this substantially. See the next FAQ for more info.

You have 2 years from the date of acquisition of a second home to nominate it is your principle private residence (PPR). Currently the last 18 months of your ownership of a property which you have lived in as your “PPR” are exempt from Capital Gains Tax. Lettings relief is all but gone now, with only periods where you co...read more

You might be able to claim capital allowances on what is known as the “integral features” of the property. Generally, these are the hot and cold water systems and main wiring within the property. Other items are rarely seen in practice. This is a complex area and advice must be tailored to your situation.

Not directly. However, you could create a trust which would receive dividends. The dividend income would then be used to pay school fees. This type of planning is quite complicated and relies on you giving away some of your trading company to the trust. If you have grandchildren which you’d like to support in this way it m...read more

...read more frequently asked questions for capital gains

    Related blog articles

    31st Aug 21 | Management Accounts

    10 ways management accounts can help you...

    Management accounts got its name from being accounts that are intended for the eyes of...

    Read more

    31st Aug 21 | Tax Returns

    Making Tax Digital...

    Making Tax Digital (MTD) is HMRC’s way of modernising the tax system. Paper records and...

    Read more

    31st Aug 21 | Tax

    How your company can benefits from R...

    The government wants to encourage companies to invest in research and development, so it offers...

    Read more

    ...read more articles for capital gains

    Deadlines don't have to be taxing

    Our tax experts we can make sure all your tax returns are filled out and submitted in the most efficient way. Get in touch to find out more about our tax return services.