Capital gainst Tax (CGT)

Capital Gains Tax (CGT) Advice: Maximise Reliefs and Stay Compliant

Capital Gains Tax is payable when you sell or dispose of certain assets, such as property, shares, or business interests, and make a profit. Navigating CGT rules can be complex, especially when different rates, exemptions, and reliefs apply. Our expert advice helps you calculate liabilities accurately and make the most of available allowances.

Capital Gains Tax Planning

We help you plan transactions strategically to minimise tax exposure, taking into account your personal circumstances and the timing of disposals.

Calculations and Reporting

Our team prepares accurate CGT calculations, identifies eligible reliefs such as Business Asset Disposal Relief, and handles reporting to HMRC on your behalf.

Whether you are selling property, exiting a business, or disposing of investments, professional support ensures you remain compliant while maximising your after-tax returns. We tailor our advice to align with your goals and avoid unexpected tax bills.

Key Benefits of Professional CGT Advice

  • Accurately calculate gains and tax liabilities
  • Identify and apply eligible exemptions and reliefs
  • Reduce the risk of errors and HMRC penalties
  • Plan disposals to minimise overall tax impact
  • Receive clear guidance tailored to your circumstances
  • Gain peace of mind knowing your obligations are met

Capital Gains Tax is a tax on the profit you make when you sell or dispose of an asset that has increased in value. It applies to assets such as property (excluding your main home in most cases), shares, business assets, and personal possessions over a certain value.

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CGT is calculated by taking the difference between what you paid for the asset (including costs like legal fees) and what you sold it for, minus any applicable allowances and reliefs. The gain is then taxed at a rate depending on your income and the type of asset.

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Yes. You may be able to claim exemptions and reliefs such as the Annual Exempt Amount, Business Asset Disposal Relief (formerly Entrepreneurs’ Relief), Private Residence Relief, or Gift Hold-Over Relief. A tax advisor can help you determine which reliefs apply to your situation.

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For UK residential property, you must report and pay any CGT due within 60 days of completion. For other assets, gains are usually reported through your Self Assessment tax return by the annual deadline. Prompt reporting helps avoid penalties and interest.

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