Capital Transactions
C
apital Transactions are profits on the sale of an asset which are taxed as ordinary income rather than a dividend. We can help you make the most of your finances when it comes to capital transactions by helping with revaluations of assets to reflect current market values.
Differing from capital gains we understand the role of fixed assets within your business model such as the purchase of a new machine. This wouldn’t show in your profit and loss although it will appear in the balance sheet. When making a profit the profit making activity will be affected by the peripheral transactions involved and any goods purchased while in the process.
GOOD TO KNOW
Steedman and Company have a team of experts who can help maximise your finances by taking a look at areas of your business such as how you deal with capital transactions and offer friendly advice and support about how to proceed.
See what people are saying about us
Steedman and Company are a family run business who have been looking after my mothers, fathers, brothers and now my accounts for decades!
The taxman would like us to believe that ‘tax doesn’t have to be taxing’. Steedman and Co help ensure that aspiration is a reality.
It’s been a very difficult time. My head has been all over the place. Still got so much to sort out but having tax returns off my mind meant I could sleep monday night.”
Just moved to Steedman and Company for all of my tax affairs. First class service and great advice. A great big thank you to the entire Steedman staff.
