Capital Gains Tax (CGT) is a tax on the profit (or gain) made when you dispose of an asset that has increased in value. It is the gain that is taxed, not the total amount you receive.

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Preparing CGT returns and managing payments can be complex, particularly where multiple assets, reliefs, or strict reporting deadlines apply. Having professional support ensures your calculations are accurate, your reporting is fully compliant, and your tax is paid on time — while freeing you to focus on your wider financial priorities.

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When Does Capital Gains Tax Arise?

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CGT can arise on a wide range of transactions, including:

• Sale of UK residential or commercial property (including buy-to-let and second homes)

• Disposal of inherited property or assets

• Sale or transfer of shares and investments

• Disposal of business assets, including goodwill

• Sale or gifting of land or property (including transfers to family members)

• Disposal of cryptoassets

• Sale of valuable personal possessions (such as artwork or antiques)

• Business restructures or cessation of trade

• Received compensation for an asset (such as insurance payouts, compensation for damage or loss)

• Acted as a trustee or personal representative and disposed of assets from a trust or estate

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Different rules, reliefs, exemptions, and reporting deadlines can apply depending on the type of asset and the nature of the disposal.

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Important notes

• Even if your gains are below £3,000, you may still need to report them if total disposals exceed certain thresholds or HMRC requires it.

• UK property disposals often must be reported and tax paid within 60 days of completion.

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‍When to Report Capital Gains?

Within 60 days of selling UK residential property (using HMRC’s online CGT service)

By 31 January following the tax year for all other gains (via Self Assessment)

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How We Support You

We can:

•      Prepare Capital Gains Tax calculations and returns based on information you provide

•      Review CGT calculations prepared in-house or by third parties

•      Prepare and submit UK Property CGT returns within the required 60-day deadline

•      Advise on disposals of property, shares, investments, and business assets

•      Support CGT reporting through Self Assessment tax returns

•      Calculate CGT liabilities and advise on payment deadlines

•      Identify available reliefs and exemptions, including Principal Private Residence Relief and Business Asset Disposal Relief

•      Manage HMRC correspondence, inspections, and enquiries relating to capital gains

This flexible approach ensures you receive the right level of support, whether you require full outsourcing or targeted assistance.