Individuals
Capital Gains Tax
Strategic planning and accurate reporting when you sell assets
Overview
Selling property, shares, or business assets triggers capital gains tax. Getting it wrong is expensive - both in additional tax and HMRC penalties.
We help you understand your capital gains liability, identify tax-efficient strategies, and ensure accurate reporting within the 60-day deadline for some transactions. Whether you're selling a buy-to-let property, disposing of shares, or realising gains on other assets, we provide clear guidance.
Capital gains tax is avoidable through proper planning. The earlier you involve us, the more options you have.
Key Areas Covered
What we cover as part of this service.
- Calculating your gain or loss (cost base, enhancement expenditure, disposal costs)
- Annual exemption optimisation
- Capital gains tax rates and bands
- 60-day reporting requirement (property disposals)
- Interaction with income tax (higher earners may trigger higher CGT rates)
- Tax-efficient strategies before you sell
- Losses and how to use them
- Married couples and joint ownership implications
- Non-resident capital gains exposure
Common Issues We Solve
Problems we see regularly — and how we fix them.
Incorrect Cost Basis
Many people underestimate their acquisition cost, leading to overstated gains. We work backward from your documentation to establish the correct tax base.
Missed the 60-Day Deadline
Property disposals must be reported within 60 days for certain transactions. Miss this, and you face penalties. We ensure timely filing.
Unused Annual Exemption
Every individual has an annual exemption (£3,000 in 2024-25). Failing to utilise it year-on-year wastes valuable tax allowance.
Pricing for This Service
Clear fees. Fixed fee confirmed in writing before we begin.
Private Clients
£700
Best for: Complex disposals, multiple assets, planning before sale
Get Your Fixed QuoteFixed fee confirmed on consultation based on complexity.
Frequently Asked Questions
HMRC requires the return to be submitted within 60 days of completion of sale. Failure to do so results in an automatic £100 penalty, plus additional charges for later reporting.
Yes. We can prepare a late return and claim reasonable excuse if applicable to minimise penalties. Early involvement is ideal, but we can help even after sale completion.
Capital losses can be set against capital gains in the same tax year, reducing your overall gains. Unused losses can be carried forward to future years.
Improvements that add lasting value to an asset (new roof, loft conversion) count as enhancement. Repairs (fixing a leaking roof) do not. We guide you on the distinction.
Why Choose UA Tax
60-Day Specialist
We know the reporting deadlines and ensure compliance. Avoid late penalties.
Tax Planning
We identify strategies before you sell, maximising tax efficiency.
Clear Guidance
Understanding your liability and options, not just paying a bill and moving on.
Client success story
Share Disposal & CGT Planning
Situation
Individual inheriting shares worth £500k, planning to diversify portfolio by selling some shares.
Challenge
Unaware of capital gains tax implications or 60-day reporting requirement. Concerned about large tax bill on disposal.
Solution
We modelled the tax position before sale, identified annual exemption utilisation, and advised on spreading sales across tax years to minimise rate impact. Ensured 60-day deadline management.
Outcome
Client saved approximately £15,000 through tax-efficient sales timing. Understood the gain position clearly before proceeding. Avoided late-filing penalties through proper timeline management.
Ready to discuss your capital gains position?
Book a consultation and we will confirm what you need and provide a fixed fee quote.