Capital Gains Tax
Capital Gains Tax is charged when you sell an asset that has risen in value: a rental property, shares, or a business. The annual exempt amount is £3,000. Residential property disposals must be reported and paid within 60 days of completion. We calculate, claim reliefs and file inside the deadline.
CGT is one of the few taxes where the planning has to happen before the transaction. Once you have exchanged, most of the options have gone.
What is included
Gain computation
Base cost, improvement expenditure, incidental costs and reliefs, properly evidenced.
60-day property reporting
Filed through your UK Property Account inside the statutory window.
Relief claims
Private Residence Relief, lettings relief where it still applies, Business Asset Disposal Relief, holdover and rollover.
Pre-sale planning
Timing across tax years, transfers between spouses, and using both annual exemptions.
Capital Gains Tax: your questions answered
What are the Capital Gains Tax rates?
For residential property, 18% for basic-rate taxpayers and 24% for higher-rate. For other assets, 18% and 24% respectively. Business Asset Disposal Relief charges 14% on qualifying business disposals up to a £1 million lifetime limit.
What is the CGT allowance?
The annual exempt amount is £3,000 per person. Spouses and civil partners each have their own, so transferring an asset into joint names before sale can double it.
How long do I have to report a property sale?
60 days from completion to both report and pay. Penalties start immediately after.