Capital Gains Tax Investigation Advice
Capital Gains Tax (CGT) is charged on the profit made on an asset sale, or when the asset is gifted. Often there will be a tax liability to pay as a result, and if HMRC suspects that an individual has avoided paying Capital Gains Tax, it could open a full tax investigation into your affairs.
We are experienced in advising clients who fall under a tax investigation as a result of “coming into money”. In many cases they are not aware of the rules around their tax liabilities in these instances, and how declarations can be calculated and disclosed to HMRC through voluntary disclosure
facilities.
If you have received a letter from HMRC, call us on 0113 387 5670
to discuss your disclosure options with an experienced and trusted professional.
What are CGT Investigations?
Tax investigations into Capital Gains Tax can be related to:
- The sale of an asset, for example, a second property;
- Inheritance Tax (IHT);
- Stamp Duty Land Tax (SDLT).
If you are the subject of a tax investigation in relation to avoiding Capital Gains Tax it is important that you seek professional advice in order to establish an accurate picture of your circumstances.
Alternatively, you may wish to make a voluntary disclosure
to HMRC, and likewise, before doing so, you should speak to a professional adviser.
Tax Investigation Services
We can discuss your position and formalise the best possible approach to help you achieve a more favourable outcome. We regularly liaise with HMRC on behalf of our clients and clients of professionals and so are experienced in understanding the processes involved.
For more information about our tax investigation services for those suspected of avoiding Capital Gains Tax you can all us on 0113 387 5670
in complete confidence or fill out an Enquiry Form
and we will get straight back to you.
Let Property Campaign - Rental Tax Disclosure Case Study.We assist individuals in making disclosures of unpaid tax to HMRC and in investigations by HMRC. Call us on 0113 387 5670
Contact us today to find out how we can assist you...
To hear more about our Tax Investigation Services or to discuss a potential case with a member of our team, call us on
0113 387 5670.
Alternatively, you can email us at enquiries@forthsonline.co.uk
or fill out an Enquiry Form
and we will contact you directly.