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WHAT WE OFFER

Our advisers have significant experience in a range of areas, and are able to provide bespoke specialist advice on everything from mortgages to pensions.

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IFAs

While there are many places to turn to for financial advice, an Independent Financial Adviser (IFA) is able to offer you unbiased advice on financial products across the entire market.

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MORTGAGES

We know how time consuming it can be to establish exactly which mortgage is right for you. Our financial advisers can help you select the best mortgage available, and help with the paperwork that comes with it.

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FINANCIAL ADVICE

When it comes to more complicated financial matters such as investments or pensions, a financial adviser who knows the ins and outs can point you in the right direction.

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SAVINGS & INVESTMENTS

There are many different types of savings and investments, each with different structures and tax implications. We can discuss your aims and objectives and recommend the most suitable ways to achieve your goals.

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TAX PLANNING

Taxation can be very complicated. The rules, reliefs and allowances often change, meaning it is important to stay on top of the current laws to ensure you're managing your finances in a tax-efficient way.

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PENSIONS & RETIREMENT

As pension specialists, we can provide advice on areas of pensions which other advisers simply aren't qualified to advise in. We can help you decide how much you should be putting in your pension as well as ensuring that your pension contributions are tax efficient.

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ESTATE PLANNING

Unfortunately, estate planning is not just for the retired or the wealthy. We can help arrage your estate appropriately so that it is distributed in line with your wishes.

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EQUITY RELEASE

Equity release describes a range of products that allow you to release the cash tied up in your home without moving. Niche are regulated by the FCA to advise and sell equity release products.

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INSURANCE

Hopefully you will never need to make a claim against your insurance. However, if the time comes, you want to be absolutely sure that the insurance you have is right for you. Here at Niche, we can help decide what type and level of insurance is suitable based on your current situation.

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LONG TERM CARE

Providing long term care can sometimes be a serious financial burden on those who need care and their relatives. We work closely with care providers and solicitors to provide specialist advice on care fees and funding long term care.

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SERVICES TO OTHER IFAs

We are a firm of Chartered Financial Planners with a team of highly knowledgeable advice givers. With this in mind, we have the capacity to increase our business and look after a larger "bank" of clients without reducing the quality of our service.

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Tax Planning

TAX PLANNING

Overview

Capital Gains Tax

Inheritance Tax Corporation Tax Income Tax

Capital Gains Tax

What is Capital Gains Tax?

Capital Gains Tax (CGT) is a tax payable on the gain or profit you make when you sell, give away or otherwise dispose of something. It applies to assets that you own, such as shares or property. There is a tax-free allowance and some additional reliefs that may reduce your Capital Gains Tax bill. Sometimes you may have no tax to pay.

Are all assets liable to Capital Gains Tax?

Most assets are liable to Capital Gains Tax when you sell or dispose of them. This applies whether they are in the UK or overseas.

However some assets are exempt, such as your car, personal possessions disposed of for £6,000 or less, and usually your main home.

What else could be affected by Capital Gains Tax?

Many events can lead to a gain or loss, besides the obvious one of selling an asset. A gain may sometimes occur when you least expect it.

Gifts

Making a gift to a child - or to other people or companies - is a 'disposal' for Capital Gains Tax purposes. You will need to work out if Capital Gains Tax is due. However, making a gift to a spouse, civil partner or charity usually won't lead to Capital Gains Tax.

Inheriting assets

If you inherit an asset, it's not liable to Capital Gains Tax until you sell or dispose of it. You'll usually need to get a valuation of the asset at the date of death to work out the capital gain or loss.

Divorce, separation or dissolving a civil partnership

When you divorce, separate or dissolve a civil partnership, you may end up transferring assets between you. These are disposals for Capital Gains Tax purposes. Whether you're liable depends on the date of transfer and whether you're living together at the time.

Are there any allowances?

You have an annual tax-free allowance for Capital Gains Tax known as the 'Annual Exempt Amount'.

The Annual Exempt Amount for the tax year 2015-16 is:

If your overall gains for the tax year are above the Annual Exempt Amount, you'll pay Capital Gains Tax on the excess.

If your overall gains are below the Annual Exempt Amount, you won't pay Capital Gains Tax.

E.g.

Your overall gain in 2015-16 is £18,000.

The Annual Exempt Amount is £11,100.

You'll pay Capital Gains Tax on the excess of £6,900 (£18,000 - £11,100).

When do I have to pay Capital Gains Tax?

You pay Capital Gains Tax on any profit you make when you 'dispose' of an asset, which means:

You don’t pay Capital Gains Tax on any gains you make from: