Capital Gains Tax
Capital gain tax arises on profits when a company or an individual sells an asset or give away an asset.
Usually this gain arises because of the difference between what you actually paid for an investment (cost) and what received (proceeds) received when you actually sell that investment.
Often when companies or individuals dispose of their assets it is probable that the gain which they will get falls into the higher tax rate band therefore it is important to take initiative to bring that figure to the lower rate band. For this purpose Artifin Accountants can be of assistance to you or your business.