Property and Captial Gains Tax

Property Tax

Property Tax, also known as Stamp Duty Land Tax (SDLT), must be paid if you buy a property or land over a certain threshold in England and Northern Ireland. The tax is different if the property or land is in Wales or Scotland. If you are purchasing a property or acquiring a lease on a commercial property, Kelly & Comac can assist you with your understanding of the SDLT position. Each SDLT rate is payable on the portion of the property’s value which falls within each band.

Capital Gains Tax

Capital gains tax becomes payable when you sell assets and property or make money from sales. The amount of tax paid depends on the value of the asset sold and your income.

Kelly & Comac provide expert assistance with capitals gain tax returns and can help with any transactions that have capital gains tax implications. We pay attention to detail concerning your business transactions and financial records so that you avoid any tax surprises when you sell your assets. We calculate the capital gains tax that you must pay on disposal while advising you on the reliefs and exemptions.