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thepartners@wrigleys.co.uk

Leeds: 0113 244 6100

Sheffield: 0114 267 5588

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Capital gains tax may be payable on the lifetime transfer or sale of assets with substantial unrealised gains. These may be assets that clients wish to pass on to younger generations as part of their own estate planning, or assets which they wish to sell as part of a business sale or restructuring.

 

Whatever the situation, we are able to provide expert advice on the capital gains tax that may be payable, and also on ways of mitigating it over the longer term. Often this involves the use of holdover relief or rollover relief where existing unrealised gains can be deferred and the capital gains tax charge can “skip” a generation. Alternatively, it can involve advising on how to avoid a capital gains tax charge altogether.

Entrepreneurs' relief

Entrepreneurs' relief can lead to a sizeable reduction in a client's capital gains tax exposure where the sale of a business is involved. Crystallising a gain and claiming entrepreneurs' relief, or rolling a gain over into new business assets instead, can often be an important decision to make. We are able to advise on all aspects of this, as well as considering the best strategy from a long-term perspective.

CGT planning

Frequently, capital gains tax planning involves the transfer of assets between spouses and into discretionary trusts. Conditional exemption can also play a part where heritage assets are involved, and our advice always takes wider reliefs and other taxes into account, where relevant.

CGT on real estate

Frequently, Principal Private Residence Relief may be available for individuals who are disposing of their homes. We can advise on possible ways of securing the maximum relief available, so that any capital gains tax charge can be mitigated where possible.

We are proud to be ranked by Legal 500 as the leading firm in Yorkshire and the Humber for agriculture and estates and personal tax, trusts and probate, and by Chambers as one of only two top-tier private client firms in Leeds.

"a gathering of like-minded people who have some superb specialisms"

- Chambers & Partners

Capital Gains tax

Andrew Wriglesworth View Biography

Andrew Wriglesworth

Partner
Leeds

Lynne Bradey View Biography

Lynne Bradey

Partner
Sheffield

Meet the team

Andrew Wriglesworth View Biography

Andrew Wriglesworth

Partner
Leeds

Julia Boyes View Biography

Julia Boyes

Partner
Leeds

Matthew Wrigley View Biography

Matthew Wrigley

Partner
Leeds

Angus Hunter Smart View Biography

Angus Hunter Smart

Partner
Leeds

Ann Duchart View Biography

Ann Duchart

Partner
Leeds

Lynne Bradey View Biography

Lynne Bradey

Partner
Sheffield

Peter Greswold View Biography

Peter Greswold

Partner
Leeds

Philip Nelson View Biography

Philip Nelson

Partner
Leeds

Marie-Louise Hamilton View Biography

Marie-Louise Hamilton

Partner
Leeds

The pitfalls of employee relocation

With Brexit talk particularly in banking, of moving staff, employers need to realise that relocating employees is not straightforward legally

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Salary Sacrifice Update

Can independent schools keep their school fee salary sacrifice schemes in place?

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Court rules against a challenge to inheritance in the Ilott case

The Supreme Court has today handed down their judgment in the case Ilott v The Blue Cross and Others (previous incarnations known as Ilott v Mitson)

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Breakfast Briefing - 25 April 2017

Date: 25 Apr 2017

Venue: Radisson Blu, Leeds

Speaker: Dr John McMullen, Partner at Wrigleys Solicitors

Further information and booking

Charity Tax Group Regional Meeting

Date: 04 May 2017

Venue: Radisson Blu Hotel, The Light, Leeds

Speaker: CTG’s Chairman and Technical Adviser

Further information and booking

Schools Breakfast Club - 9th May 2017

Date: 09 May 2017

Venue: Wrigleys Solicitors, 19 Cookridge Street, Leeds, LS2 3AG

Speaker: TBC

Further information

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