Mitigating CGT Liabilities

Mitigating CGT Liabilities

The current rate of capital gains tax (CGT) is 33%. However, there are ways to reduce your CGT liability below this level.

With focused tax planning and an understanding of your circumstances, we work with you to determine if the following capital gains tax reliefs and ideas will help minimise your CGT liability:

  • Does your transaction qualify for entrepreneur relief, reducing the capital gains tax rate to 10%.
  • If you are aged 55 and over, do you qualify for retirement relief, which could eliminate your capital gains tax liability.
  • Are you in a position to use capital gains tax losses to reduce the capital gain on a profitable asset.
  • If you cannot dispose of an asset to trigger a capital gains tax loss, can you still claim capital gains tax loss relief through the use of a negligible value claim?

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Warren & Partners are a boutique Irish tax and business advisory firm based in Ballsbridge, Dublin. Our experienced-team of tax advisors will create unique tax solutions for your specific business needs.