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Capital gains tax

Capital Gains Tax applies when you sell or dispose of assets such as property, shares, land or business interests. Many people are caught out because the tax is triggered even when no cash is actually received straight away.

We regularly see clients facing unexpected tax bills after selling a rental property, transferring assets, or selling part of a business. In many cases, with the right planning, the tax could have been reduced or spread.

We help individuals, business owners and trustees understand their Capital Gains Tax position and plan ahead before assets are sold. Where disposals have already happened, we prepare the necessary calculations and returns and make sure everything is reported correctly to HMRC.

Our focus is on keeping you compliant while making sure you do not pay more tax than you need to.

What you get with us

clear calculation of Capital Gains Tax due
advice before selling assets where possible
use of available allowances and reliefs
preparation and submission of CGT returns
clear explanation of options and timelines

Thinking about selling property or assets?

Speak to us early and we can help you plan and avoid unnecessary tax.

FAQs – Capital gains tax

When does Capital Gains Tax apply?

It usually applies when you sell, gift or transfer assets such as property, shares or business interests.

Do I pay CGT on my main home?

Often no, but there are exceptions. We can review your situation and confirm.

Can CGT be reduced?

In many cases yes, through allowances, reliefs and planning before a sale.

Do I need to report property sales quickly?

Yes. UK residential property disposals often need to be reported within 60 days. We handle this for you.

Interested in our accountancy services?

Why not contact John F Harvey today for more information or a FREE no obligation quote.

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