Capital Gains Tax
Disposing of property, shares or other assets can create a capital gains tax reporting requirement. We help gather the figures, calculate the gain or loss and explain what needs reporting to HMRC.
Who this service is for
- Individuals selling residential or investment property
- Shareholders disposing of company shares
- Clients with mixed gains and losses in the same year
- Landlords restructuring or exiting property portfolios
Common challenges
- Uncertainty about acquisition cost and allowable expenses
- Confusion about reporting deadlines after a property sale
- Incomplete records for improvements and selling costs
- Worry about estimating tax before completion
What is included
- Review of disposal and acquisition information
- Capital gain or loss calculation support
- Consideration of common reliefs where relevant information is available
- Reporting support through self assessment or other required routes
- Plain English summary of the tax position
How the process works
- 1.Discuss the disposal and available paperwork
- 2.Establish base cost, proceeds and allowable costs
- 3.Prepare calculations and note open assumptions
- 4.Support reporting and payment planning notes
Documents normally required
- Completion statements and sale contracts
- Purchase paperwork and improvement invoices
- Broker or share dealing statements
- Prior valuations where used
- Previous tax returns reporting related assets
Key deadlines
Some property disposals have shorter reporting windows than the main self assessment deadline. Confirm current HMRC rules on GOV.UK for your disposal type.
For official dates, check GOV.UK.
Benefits
- Clearer understanding of taxable gains
- Organised workings for HMRC queries
- Better awareness of reporting deadlines
- Practical notes for future disposals
Related services
- View Self Assessment servicesSelf assessment tax return preparation for individuals, sole traders, landlords and directors.
- View Property Tax Returns servicesTax return support focused on UK property income, expenses and related disclosures.
- View Tax Planning servicesPractical tax planning discussions for individuals and companies within UK rules.
Frequently asked questions
Discuss capital gains tax with our team
Book a free consultation on Picktime or send an enquiry. We will confirm scope and fees before any engagement begins.