Tax
Capital Gains Tax advice and returns in London
Capital Gains Tax calculated, reported and planned for property, shares and business assets.
ALEX SAMPLE
Capital gain on sale of a UK residential property (not a main home)
| £ | |
| Sale proceeds (completion 12/02/2026) | 420,000 |
| Less costs of sale (agent and legal fees) | (6,000) |
| Less purchase price | (300,000) |
| Less improvement costs (extension) | (14,000) |
| Gain | 100,000 |
| Less annual exempt amount | (3,000) |
| Taxable gain | 97,000 |
| Tax at 24% (higher rate taxpayer) | 23,280 |
& Customs
Layout simplified for illustration. This is not the official form.
Reliefs checklist
Questions we ask before calculating the gain
| Relief | When it may apply | Applies here? |
| Private residence relief | The property was your main home | No |
| Final period exemption | Last 9 months of ownership of a former main home | No |
| Lettings relief | You shared occupation with a tenant | No |
| Capital losses | Losses in the year or brought forward | None |
| Annual exempt amount | Available to every individual | Yes – £3,000 |
What is it
What is Capital Gains Tax?
Capital Gains Tax (CGT) is charged on the profit when you sell or give away an asset that has increased in value, such as a second property, shares or a business. Your main home is usually exempt under Private Residence Relief.
Key figures for 2026/27
- Annual exempt amount: £3,000
- Rates: 18% within the basic rate band and 24% above it
- Business Asset Disposal Relief: 18% on qualifying gains, up to a lifetime limit of £1 million
- Sales of UK residential property must be reported and the tax paid within 60 days of completion
Who we help
Who we help with CGT
For individuals, investors and business owners selling, transferring or gifting assets.
Property sellers
Landlords and second-home owners selling UK or overseas property.
Investors & shareholders
Sales of shares, funds and investment portfolios.
Business owners
Business or share sales, including relief claims.
Trusts & estates
Asset disposals by trusts and estates.
What’s included
What our CGT service includes
CGT calculation
We calculate the gain, allowable costs and tax due.
Reliefs review
We check Private Residence Relief, Business Asset Disposal Relief and others.
60-day property return
We file the UK property return and arrange payment on time.
Self Assessment reporting
We report other gains on your tax return and deal with HMRC.
Planning & advice
We provide strategic advice to minimise future CGT liabilities.
How it works
What happens, step by step
- 1
You tell us about the sale or disposal
What you sold, when and for how much.
- 2
We calculate the gain
Taking account of costs, reliefs and allowances.
- 3
You review the calculation
We explain how the figure was reached.
- 4
We report it to HMRC
And tell you what to pay and when.
What we need from you
- Purchase and sale dates and prices
- Completion statements or contract notes
- Costs of buying, selling and improving the asset
- How the asset was used, for example main home or let property
- Your income for the tax year
- Details of any losses brought forward
Services
Related services
Income tax – self assessments
Preparation and submission of personal income tax returns.
Tax consultancy
Strategic tax planning and optimisation.
Written tax advice
Formal guidance on complex tax matters.
FAQ
Capital Gains Tax: frequently asked questions
When do I pay CGT on a property sale?
If you sell UK residential property and there is tax to pay, you must report the sale and pay within 60 days of completion. Other gains are usually reported on your Self Assessment return and paid by 31 January after the tax year.
What is Business Asset Disposal Relief?
It reduces the CGT rate on qualifying business disposals to 18% from 6 April 2026, up to a lifetime limit of £1 million of gains.
Can I reduce my Capital Gains Tax?
Often, yes. Using your annual exempt amount, claiming allowable costs and reliefs, and timing a sale carefully can all reduce the tax.
Licenses & certificates