Property owners
Calculate and report gains on buy-to-let, second-home or other relevant property disposals.
Tax, Audit & Accounting
Capital Gains Tax
Understand the gain, evidence allowable costs, consider available reliefs and meet the correct reporting route and deadline after an asset disposal.
- Gain computation
- Relief review
- 60-day property reporting
Important information
Tax and accounting content is general information, not advice for your circumstances. Every engagement will identify the responsible legal entity and its professional or regulatory status. Statutory audit work is only undertaken by an appropriately registered audit firm.
Included in the service
What’s included
Capital Gains Tax calculations and reporting support for property, shares and other asset disposals.
- Disposal information checklist
- Capital gain or loss computation
- Allowable-cost review
- Relief and exemption review
- UK property return support
- Self Assessment disclosure coordination
Before we speak
Identify the asset involved, whether a disposal has happened or is planned, and any relevant dates. Let us know if there are joint owners or earlier calculations to review. Detailed acquisition, disposal and cost records can then be requested through the agreed process for your Capital Gains Tax engagement.
Who we help
Is this right for you?
These are some of the situations this service covers. Your proposal will reflect the work and support you actually need.
Investors
Bring share, fund and other asset disposals together with available losses and records.
Executors and trustees
Identify the correct capacity, reporting route and supporting valuations for an estate or trust.
Pricing
Quoted around each disposal and reporting route
The fee reflects asset type, ownership history, valuations, improvements, reliefs, losses and reporting urgency.
01
Discovery
We establish your current position, desired outcome and constraints.
02
Defined scope
You receive clear deliverables, responsibilities, assumptions and timescales.
03
Request a scoped quote Written proposal
Fees are agreed before work begins, with optional phases shown separately.
Property deadlines can be short. Contact us as soon as completion is expected or has occurred. Specialist valuation or legal fees are separate.
The detail
Where we focus
Gain calculation
Establish proceeds, acquisition cost, enhancement expenditure, incidental costs and ownership share.
Relief review
Consider relevant exemptions and reliefs based on the asset, use, residence and transaction history.
Property reporting
Prepare information for the UK property reporting service where a disposal falls within the 60-day regime.
Self Assessment
Coordinate other reportable gains and losses with the annual personal tax return.
The process
How the work happens
- 01
Establish facts
Confirm the asset, ownership, acquisition, disposal and relevant use throughout ownership.
- 02
Calculate
Prepare the gain using evidenced proceeds, costs, improvements and available losses.
- 03
Review reliefs
Assess relief conditions and identify any specialist valuation or legal input required.
- 04
Report
Use the appropriate property service, real-time service or Self Assessment route.
Before we startYour questions,
Your questions,
answered.
How quickly must a UK residential property gain be reported?
Where Capital Gains Tax is due on a UK residential property disposal, the return and payment are generally required within 60 days of completion. Non-residents have wider UK property reporting requirements.
Is CGT based on the full sale proceeds?
No. It is generally charged by reference to the taxable gain after relevant acquisition costs, allowable disposal or improvement costs, losses, reliefs and the available annual exempt amount.
Will a property disposal also go on my tax return?
If you are within Self Assessment, the disposal may also need to be included in the annual return even where it was already reported through the UK property service.
Related services
Plan the next piece of work.
Let’s start with your priorities
What needs to work better?
Tell us about your business, the problem you’re working through and any dates that matter. We’ll discuss the scope and the next step with you.