Capital, Gift & Inheritance Taxes
Capital, gift, and inheritance taxes can have significant financial consequences if not planned for properly. At TaxMasters Accountants, we provide clear, expert advice on Capital Gains Tax (CGT) and Capital Acquisitions Tax (CAT), helping individuals, families, and business owners manage wealth transfers efficiently and compliantly.
Whether you’re selling property or assets, receiving or giving a gift or inheritance, or planning ahead for the future, our experienced team ensures your tax obligations are understood, minimised where possible, and dealt with correctly.
We focus on forward planning as well as compliance — helping you avoid unnecessary tax and unexpected liabilities.
We take a personal, strategic approach, ensuring you understand your position and have the right advice in place before key financial decisions are made.
Things to Know or Watch Out For with CGT & CAT
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CGT Can Arise on More Than Property Sales
CGT may apply to the disposal of property, land, shares, investments, or business assets — often unexpectedly. -
CAT Applies to Gifts and Inheritances
Gifts and inheritances are subject to CAT once lifetime thresholds are exceeded. Planning ahead can significantly reduce exposure. -
Timing Is Critical
CGT and CAT deadlines differ from standard income tax dates. Missing a deadline can result in penalties and interest.
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Reliefs and Exemptions Are Often Overlooked
Principal private residence relief, small gift exemptions, business relief, agricultural relief, and retirement relief can make a substantial difference if applied correctly. -
Valuations Must Be Accurate
Incorrect asset valuations can lead to Revenue challenges and additional tax liabilities. -
Family Transactions Require Careful Planning
Transferring assets within families without advice can unintentionally trigger significant tax costs.
TaxMasters Accountants
