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Leeds: 0113 244 6100

Sheffield: 0114 267 5588

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Specialist legal and financial advice around Capital Gains Tax

Selling or passing on your assets

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.

‘The team at Wrigleys are experts in their field. At all levels they are highly capable with a breadth of knowledge and experience as well as the technical expertise required to provide an excellent service to their private client base. ’

Legal 500 (2022)


‘The speed and responsiveness with which individuals at the firm respond to clients and other professionals is commendable.  I believe for a firm to maintain this level of service, certain qualities are embedded into the core culture and it is my impression that this is the case at Wrigleys.’

Chambers and Partners HNW Guide (2021)

Andrew Wriglesworth View Biography

Andrew Wriglesworth

Direct Line: 0113 204 5719

Partner
Leeds

Meet the team

14 Jun 2022

Senior pensions lawyer, Helen Woodford, joins Wrigleys

Helen Woodford has joined the Pensions team on a permanent basis, following her recent involvement with the firm in a consultancy role.

08 Jun 2022

Private client consultant solicitor, Antonia Moore, joins Wrigleys’ Leeds office

We are delighted to welcome Antonia Moore to our Leeds office.

07 Jun 2022

Holly Marshall qualifies

Holly Marshall has been offered a permanent role with Wrigleys Solicitors following her successful training contract.