Clear, strategic guidance for CGT reporting

Capital Gains Tax Compliance and Reliefs

Managing Capital Gains Tax (CGT) correctly is essential to avoid unnecessary penalties and interest and remain fully compliant with HMRC requirements. We ensure accurate submissions, the correct calculation of liabilities at the applicable rates, and that all available reliefs are identified and claimed. With careful and effective planning, it is often possible to reduce or defer CGT exposure.

In recent years, one of the most significant changes has been the introduction of the 60 – day CGT return requirement for disposals of UK residential property. Taxpayers must now file a separate capital gains tax return and pay the tax due within 60 days of completion for each property disposal within the tax year. We can manage this process on your behalf, helping you to create the specific account on HMRC, preparing the necessary forms, calculating liabilities, and ensuring deadlines are met.

Our expertise covers a wide range of disposals, including:

• Residential and commercial property
• Second homes and land
• Listed and unlisted shares
• Partial or full business sales
• Collectibles such as artwork, antiques, jewellery, and fine wine

Where reliefs apply, or tax can be deferred, we work with you to:

• Develop tax-efficient investment strategies
• Structure disposals to minimise liabilities
• Optimise the use of available exemptions and reliefs
• Provide clarity in this complex area of taxation

With the right guidance, CGT need not be a burden. Our goal is to help you meet all compliance obligations while maximising opportunities for relief and long-term efficiency.

We will always ensure that you are kept up to date with changes to allowances, rates and reliefs, whether this is from an individual or business perspective