Sold an Asset?
We'll Sort Your Capital Gains Tax
Personal Tax ReturnsFor directors, shareholders, and property investors
- Maximise Gains. Minimise Tax
- Stress-Free CGT Solutions
- Keep More of What You Earn
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About the service
Our capital gain Tax services include, but are not limited to:
- Capital gains calculations
- Principal private residence relief claims
- Business asset disposal relief (formerly entrepreneurs' relief)
- Holdover and rollover relief
- CGT return preparation and filing
- Payment on account planning
Capital Gains Tax
Sold a property, shares, or business assets this year? Capital gains tax catches a lot of people off guard because it’s not something you deal with every year like income tax, it only comes up when you sell or dispose of certain assets. The rules are surprisingly complex, with different allowances, different tax rates depending on what you’ve sold and how much other income you have, and a whole raft of reliefs you might be able to claim if you know they exist. We’ll work out your taxable gain by calculating the difference between what you paid for the asset and what you sold it for, apply all available reliefs like principal private residence relief if you’ve sold a property you lived in, or business asset disposal relief if you’ve sold business shares or assets, and report it to HMRC properly. If you’ve sold property, we’ll also help you with the separate property disposal return that needs filing within 60 days of completion.
Capital Gains Tax Explained: Rates, Reliefs & How to Avoid Overpaying
Capital gains tax rules are surprisingly complex, with different rates for different assets and loads of reliefs you might be able to claim if you know about them. Residential property gains are taxed at 18% or 24% depending on your income, whilst other assets like shares are taxed at 10% or 20%. But that’s just the starting point. If you’ve lived in a property before selling it, you might be able to claim principal private residence relief to reduce or eliminate the gain. If you’re selling business assets and meet certain conditions, business asset disposal relief could cut your tax rate to just 10% on gains up to £1 million over your lifetime. There’s also holdover relief if you’re gifting assets, rollover relief if you’re reinvesting sale proceeds into new business assets, and various other reliefs depending on your circumstances. We’ll make sure you’re taking advantage of everything available and not overpaying tax unnecessarily, because HMRC certainly won’t tell you about reliefs you could be claiming.