BB Accountancy

Capital Gains Tax (CGT) – Expert Guidance & Compliance

BB Accountancy offers expert guidance on CGT for individuals and businesses, helping you navigate property, asset, and investment disposals. We provide strategic tax planning to minimize liabilities, ensure compliance with HMRC rules, and maximize available reliefs.

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What is Capital Gains Tax?

Capital Gains Tax (CGT) is a tax on the profit you make when selling or disposing of an asset that has increased in value. The tax applies to the gain (profit), not the total amount received.

Common Assets Subject to CGT:

✅ Property – Second homes, rental properties, or land (excluding primary residence in most cases).

✅ Shares & Investments – Stocks, bonds, or investment funds (excluding ISAs or pensions).

✅ Business Assets – Sale of a business or business-related assets.

✅ Personal Possessions – Art, antiques, or collectibles worth over £6,000.

If you sell or dispose of assets that exceed your annual CGT allowance, you may be liable to pay Capital Gains Tax.

Who Needs to Pay Capital Gains Tax?

You may be required to pay CGT if you:

1. Sell a second property or rental home.

2. Dispose of shares, stocks, or investments (outside tax-free accounts like ISAs).

3. Sell a business or company shares.

4. Transfer assets to someone other than a spouse or civil partner.

5. Sell valuable assets such as antiques, artwork, or jewelry.

CGT rules can be complex, but our expert team ensures you stay compliant while minimizing your tax liability.

Our Capital Gains Tax Service Covers:

✅ CGT Calculation & Reporting

  • Accurate assessment of capital gains and taxable amounts.
  • Calculation of available tax reliefs and exemptions.
  • Ensuring correct CGT rates apply (18% or 28% for property, 10% or 20% for other assets).

 

✅ Tax Planning & Strategies

  • Identifying ways to reduce CGT liability through allowances and deductions.
  • Advising on tax-efficient investment strategies.
  • Maximizing exemptions such as Private Residence Relief and Business Asset Disposal Relief.

 

✅ Property & Investment CGT Compliance

  • Ensuring accurate property CGT declarations.
  • Managing CGT for buy-to-let landlords, developers, and investors.
  • Assisting with shares, crypto assets, and high-value item disposals.

 

✅ Submission & Compliance with HMRC

  • Timely filing of CGT reports to HMRC (including 60-day CGT property returns).
  • Avoiding penalties and late submission fines.
  • Full handling of HMRC inquiries or disputes.

Why Choose BB Accountancy for Capital Gains Tax

💼 Experienced Tax Specialists
  • Experts in CGT laws, property tax, and investment taxation.
  • Years of experience in helping clients legally minimize tax bills.

 

📑 Maximizing Tax Efficiency

  • Identifying available reliefs, exemptions, and allowances.
  • Helping you plan asset sales for minimum tax impact.

 

🔒 HMRC Compliance & Risk Reduction

  • Ensuring accurate calculations to prevent HMRC disputes.
  • Full support in case of audits or tax investigations.

 

⏳ Hassle-Free & Time-Saving

  • We handle all reporting, calculations, and submissions.
  • You focus on your investments and business, while we take care of the taxes.

 

👍 Peace of Mind

  • No more worrying about incorrect filings or unexpected tax bills.
  • With BB Accountancy, your CGT obligations are in safe hands.

Get Expert CGT Advice Today!

📌 Avoid overpaying or getting caught out by complex CGT rules!

With BB Accountancy’s Capital Gains Tax Service, you get expert guidance, tax-saving strategies, and full HMRC compliance.

📞 Contact us today for a consultation and let us help you reduce your CGT burden! Call us on +44 7861 682275.