Your capital gains tax adviser

If you’ve sold a UK residential property and there’s tax to pay, you’re required to report it and make a payment on account within 60 days of completion. Missing this deadline can result in penalties, so it’s worth taking advice as soon as a sale is agreed.

Several reliefs can reduce the amount of capital gains tax you pay. Business asset disposal relief may apply if you’re selling a business or shares. For property, private residence relief may reduce or eliminate a gain if the property was your main home at some point. The reliefs available depend on your specific circumstances, so we’re here to offer reliable advice before you complete a transaction.

Where proceeds are paid in tranches or held in escrow, the timing of when tax falls due can be more complex. We’ll help you understand your liability at each stage – so you’re not left dealing with a tax bill you aren’t prepared for.

When you sell a business, you provide additional information on your self-assessment return, particularly where reliefs are being claimed. Getting that disclosure right matters. It protects your position and reduces your risk of an enquiry from HMRC. Our advisers will ensure the paperwork reflects your position accurately and completely.