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Corporate Tax Specialists

Capital Gains Tax Accountants

Expert CGT Planning, Calculation & HMRC Reporting

The Complete Solution

Capital Gains Tax (CGT) arises when you sell or dispose of an asset that has increased in value. Whether it is residential property, shares, a business, or another asset, calculating the correct gain and claiming all available reliefs requires specialist knowledge.

At Taxaccolega, our Capital Gains Tax accountants prepare accurate CGT calculations, advise on timing of disposals, apply Private Residence Relief, Business Asset Disposal Relief, and other exemptions, and report gains to HMRC within the required 60-day window for residential property.

Our Strategic Approach

We work closely with you to examine transaction histories, map corporate/personal bands, reconstruct details, and generate standard compliance packets that satisfy HMRC guidelines.

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Tax and disclosure deadlines can arise quickly. Speak directly to an expert tax advisor today.

Call Office020 8127 0728
Whatsapp Chat074 7117 0484
Email Support[email protected]
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CRITICAL CONSIDERATION

When Does Capital Gains Tax Apply?

CGT is triggered by disposals — not just sales.

Many taxpayers are unaware that CGT applies to a wide range of transactions beyond simply selling a second home.

  • Selling or gifting UK residential property that is not your main home
  • Disposing of shares, investment funds, and unit trusts
  • Selling a business or business assets
  • Receiving cryptocurrency proceeds (treated as a disposal)
  • Gifting assets to a spouse or civil partner (in some circumstances)
  • Selling foreign property or overseas investments

CGT rates for 2024/25 are 18% and 24% for residential property (basic/higher rate respectively), and 10% and 20% for other assets. Timing disposals across tax years can significantly reduce the overall liability.

Common Questions

Frequently Asked Questions

CGT is a tax on the profit (gain) made when you sell or dispose of an asset that has increased in value. You pay CGT on the gain, not the total amount received.

For UK residential property sold since April 2020, you must report the gain and pay any tax owed within 60 days of completion. Other gains are reported through your annual Self Assessment return.

Key reliefs include Private Residence Relief (for your main home), Business Asset Disposal Relief (formerly Entrepreneurs' Relief — 10% rate on qualifying business assets), Gift Hold-Over Relief, and Rollover Relief.

The gain equals sale proceeds minus the original cost (plus allowable costs such as legal fees and improvements). You then deduct your annual CGT exempt amount (£3,000 for 2024/25) and apply the relevant rate.

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Phone Number020 8127 0728
Whatsapp Chat074 7117 0484
Email Support[email protected]
Office Address187a London Road, Croydon, Surrey, CR0 2RJ

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