What is Capital Gains Tax?
Capital Gains Tax (CGT) applies when you make a profit on selling, gifting, or disposing of assets such as investment properties, shares, or a business. It often arises at key financial moments, so getting it right matters.
Most issues come from timing or missing detail:
- Unexpected tax bills due to lack of planning
- Missed reliefs and allowances
- Incorrect calculations or ownership splits
- Poor timing of disposal
- Inadequate record keeping
- Mistaking capital spend from income with properties
The 60‑day rule
For UK residential property, you generally must report and pay CGT digitally within 60 days of completion. Missing this deadline can lead to penalties, interest, and unnecessary hassle. It is a common issue where advice is not taken early, but easily avoidable with good planning and professional advice.
How we help
Before disposal:
- Estimate your tax position
- Identify reliefs and allowances
- Advise on timing and structure
After disposal:
- Calculate the gain accurately
- Handle the 60‑day report-and-pay submission
- Manage deadlines and HMRC compliance
The value of proper advice
CGT is not just a reporting exercise. Outcomes depend on decisions made before and after the transaction.
General accounting simply focuses on reporting. Our tax-focused advice considers planning, reliefs, and risk. The difference is most noticeable where there is:
- Property involved
- Multiple owners
- Business assets
- Timing choices
Good advice helps reduce tax, avoid errors, and prevent later challenges.
Our advice has helped clients successfully save thousands in tax through identifying and applying tax reliefs, and a thorough knowledge of capital gains tax law. One client saved over £12,000 having sought our advice.
Pricing
- We offer transparent pricing for those disposing of UK residential property. Our comprehensive UK property CGT service is £900 + VAT for a single or joint-owned property, and includes a thorough review of your CGT position, explores all possible reliefs, preparation of HMRC compliant calculations and support, and assistance with 60-day report-and-pay submissions.
- Fees for more complex transactions, or other transactions (e.g. shares or business disposals) depend on complexity and fees will be agreed in advance.
Who this is for
- Landlords and property investors
- Individuals selling second homes
- Business owners
- Investors disposing of shares
Let’s talk
A short discussion can identify risks, deadlines, and opportunities to reduce tax.