HomeCase studiesPrivate clientsTax disputesReducing a capital gains tax assessment by 75%

Why the client needed our help

Following the sale of his second home, our client had been issued with a capital gains tax assessment which he believed to be too high. His accountant had been trying to resolve the matter himself for the past 18 months but without success.

How we helped

We set about challenging the assessment by proving to HMRC that our client had not gained as much from the disposal of the property as they had calculated because his capital expenditure was much greater than shown in their figures. We then appealed to the tax tribunal and, during a lengthy mediation, we made representations on behalf of our client and provided further evidence that he had been charged too much.

The outcome

HMRC reduced its assessment by 75% which meant that our client only had to pay 25% of it. We saved him a lot of money, not just in terms of the assessment but through quick action – only possible because we know exactly what we are doing – and early settlement.

Key contacts

Andy Lynch

Andy Lynch

Consultant

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