Have a question about CGT or our services? Find answers below or reach out to us any time.
Capital Gains Tax is the tax HMRC charges on the profit made when you’ve “disposed” of an asset, such as selling a property.
Since 6th April 2020, when you sell a property, HMRC requires you to file & pay your CGT within 60 days of completing the sale.
If the gain is covered by exemptions like the Annual Exemption (£6,000 for 2023/24) or Private Residence Relief, you may not have to pay CGT. For eligibility, visit: https://www.gov.uk/tax-relief-selling-home. Also, spouses/civil partners transferring property or sales at a loss usually don’t trigger CGT.
Currently, our service helps calculate CGT for property already sold. We may introduce paid consultations for future planning — stay tuned on our Services page.
‘Reasonable care’ means taking steps to keep your tax affairs accurate — like using a qualified agent or checking details with HMRC. If HMRC finds you didn’t take reasonable steps, you may face a penalty.
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