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Capital Gains Tax

Many countries impose taxes on capital gains – either by means of specific capital taxes or as part of their income tax code. Rules vary from country to country, but often include different rates of tax, depending upon how long assets are held, and/or levels of other income from within the same country. Taxes may be applied on the transfer of assets to the assets themselves, or to the individual owner who transfers them. Most countries offer allowances against the tax, some of which are themselves time-sensitive. Planning can legally minimise such exposure, and allow the owner of the assets to use timings of disposals to best advantage.

Correctly filing tax returns for gains crystallised may also be an issue.

Please ask us for advice and assistance.