Private client tax

Capital Gains Tax (CGT) is payable when you sell relevant assets such as shares or property and make a profit in excess of the annual exemption. CGT is broadly payable on the difference between the allowable costs of the relevant asset and what you sold it for.

In order to mitigate CGT, it is important to seek expert advice early on in the process. At Shaw Gibbs, we are able to calculate the CGT that you have to pay on disposal, while advising on the reliefs and exemptions available such as Principle Private Residence (PPR) relief. In addition, we have extensive expertise in working with non-UK residents and UK CGT implications.

UK self-assessment taxpayers have until the 31 October to complete and submit their paper tax return to HMRC. Failure to do so will result in an automatic fine. For those that file online, however, the deadline is extended to 31 January.

Each year, Shaw Gibbs’ Personal Tax department complete a large number of tax returns. We've built long lasting bonds, having worked with certain clients for over 25 years. Our professional, tailored service has led to many happy clients, with 97% saying they would recommend us.

Inheritance tax (IHT) is levied on a person’s estate when they die, and certain gifts made during an individual’s lifetime. If you plan in advance, gifts can be made tax-free: the result can be a substantial tax saving.

Tailoring our strategy to fit your situation. We look to take into account your circumstances and aspirations, whilst focusing on your long term financial security.

For those retaining property and investments outside of the UK, or wishing to transfer sums of income and capital into the UK the tax position can become complicated.

We help our non-resident and non-domiciled clients file their tax returns to the UK tax authorities, assess whether or not they are UK resident for tax purposes under the Statutory Residence Test and ensure that double taxation is kept to an absolute minimum.

Trusts are important in helping you protect and provide for your future.

We can provide administration for the trust in preparing accounts and completing tax returns. We can also offer advice regarding the tax implications and act as trustee and assist with any disputes if they arise.

Dealing with tax and probate at a time of loss can feel overwhelming.

Our dedicated probate team is here to guide you through every step of the process with clarity, sensitivity, and expertise.

Individuals that own, let and build property face a number of changes in regards to their rental income and the deductions they can make from their rents for income tax purposes.

At Shaw Gibbs, we have extensive experience in the property industry, so we can help you to explore your planning options in more detail.

Relevant US persons are required to submit an annual US tax return wherever they reside, with few exceptions.

Our dedicated team of CPA and enrolled agent-qualified US practitioners can also advise on tax planning strategies and help our clients avoid pitfalls as a US person living overseas.

MTD is a government initiative to digitise the way businesses manage tax.

Shaw Gibbs will be offering an end-to-end solution to include all of your digital recordkeeping and quarterly filings. We will be also offering an alternative review and filing-only service as well as training packages should you wish to complete your digital recordkeeping and filings yourself.