[Company name]

Capital Gains Tax

Capital Gains Tax applies to the disposal of an asset. An asset can include property, land, stocks and shares, works of art and many other items. The tax is calculated on the gain arising, being the difference between the sale proceeds and the original cost, after deducting allowable expenses and reliefs.

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For disposals made on or after 30 October 2024, the net gain is generally taxed at 18% for individuals whose income and gains fall within the basic rate band, and 24% for individuals whose income and gains exceed that band. These rates also apply to the disposal of residential properties that do not qualify as a main residence.

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There are a number of exemptions and reliefs available which can significantly reduce the tax liability. The application of this tax on properties, particularly second homes and let properties, can give rise to substantial Capital Gains Tax liabilities which, with careful planning, may be materially reduced. Obtaining advice as early as possible allows the available mitigation options to be fully considered.

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Self assessment

Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.

Corporation tax

Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions. In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.

Capital gains tax

Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.

Personal tax planning

We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.

[Company name] provide the following key services.

VAT

For turnover in excess of £90,000 it is compulsory for most businesses to be registered for VAT although it is possible to register voluntarily below that limit.

Audits

Our team will keep you compliant and in-line by reviewing and assessing your accounts and records.

Payroll

Employing staff results in a legal requirement to operate a PAYE/RTI scheme and auto-enrolment.

Bookkeeping

We can help with all your general bookkeeping requirements either at your offices or at ours.

Capital Gains Tax

Capital gains tax applies to the disposal of an asset. An asset can be a property, land, stocks and shares, a painting and many other items.

CIS

Historically, rightly or wrongly, the perception was and still is that the construction industry is rife with a micro cash black economy and the CIS scheme was designed to counter this.

Company Secretarial Support

If a business is carried out via a company or a limited liability partnership the Companies Act 2006 and the Limited Liability Partnership Act 2000 place obligations to maintain.

Cross Border

When individuals leave their normal country of birth to either work or permanently emmigrate elsewhere complex tax rules come into effect.

Inheritance Tax

This tax applies to gifts made during an individual’s lifetime or on death.

IR35

This is a term used for a complex piece of anti-avoidance legislation introduced in 1999 that applies when a freelance working individual uses an “intermediary” normally a limited company.

Management Information

Regular management information is a vital aspect of managing and controlling a business.

Personal Tax

Personal taxation has become increasingly complex over the last decade.

HubDoc

For our clients that use Xero book keeping software we have acquired a further piece of software called HubDoc which we are providing free of charge.

Self Assessment

The responsibility to comply with the self assessment regime rests solely with the individual taxpayer.

Tax investigations

Unfortunately HM Revenue & Customs (HMRC) are carrying out more and more tax enquiries into taxpayers’ affairs.

Xero

At Abbey Accountants we are proud to be associated with Xero, an extremely cost-effective and user-friendly online accounting package.

Year End Accounts

For commercial and tax purposes it is necessary to prepare financial accounts for the period of trading which is normally for a 12 month period.

Latest news from [Company name]

January 22, 2026

Getting Ready for Making Tax Digital

With just 10 weeks or so to go until the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring. From April, sole traders and landlords with an income of over £50,000 will need to submit quarterly updates to HMRC.