Transaction review
Review of the disposal, ownership details, dates, proceeds and connected transactions.
Capital Gains Tax advice and reporting
Capital Gains Tax, considered before you dispose
Support calculating, reporting and planning for gains on property, shares, business assets and other chargeable disposals.
Why it matters
The timing and history of an asset can materially affect the calculation.
Capital Gains Tax is generally based on the gain rather than the amount received. Purchase costs, improvement expenditure, ownership history, reliefs and previous losses can all affect the final position.
Where possible, speak to us before exchanging contracts, transferring an asset or completing another disposal. We can review the information in advance, explain likely reporting obligations and help you prepare for the potential payment.
What is included
From disposal records to the final tax report.
The work is tailored to the asset, ownership, transaction and wider tax circumstances.
Base cost calculation
Consideration of acquisition cost and allowable incidental or improvement expenditure supported by records.
Relief review
Assessment of relevant exemptions or reliefs based on the asset and qualifying conditions.
Losses and prior gains
Consideration of available capital losses and other disposals in the relevant tax year.
CGT calculation
Calculation of the taxable gain and estimated liability using the applicable circumstances.
HMRC reporting
Support with the appropriate property reporting process, Self Assessment return or other required disclosure.
The difference
Plan before the transaction becomes fixed.
Once a disposal has completed, many choices may no longer be available. Early advice provides time to gather records, compare legitimate options and prepare for reporting and payment.
After completionLimited planning time and an unexpected reporting deadline.
Before disposalA clearer calculation, organised evidence and informed timing.
What early advice provides
A more controlled approach to taxable disposals.
Calculate accurately
Use the relevant costs, ownership details, losses and transaction information.
Consider reliefs
Review qualifying conditions before assuming a relief is or is not available.
Meet reporting duties
Identify whether an earlier property report or Self Assessment disclosure is required.
Prepare cash flow
Estimate the potential payment before committing all disposal proceeds elsewhere.
Frequently asked questions
Common questions about Capital Gains Tax.
What types of disposal can create a capital gain?
Common examples include selling, gifting, transferring or exchanging property, shares, business assets and other investments. Different rules can apply to transfers between connected people or spouses and civil partners.
Is Capital Gains Tax charged on the full sale price?
It is generally the gain that is considered, after relevant acquisition costs and allowable disposal or improvement costs. The precise calculation depends on the asset and transaction history.
Do UK property gains have a separate reporting deadline?
Some disposals of UK residential property must be reported and paid through a separate process within a shorter period than the normal Self Assessment timetable. Contact us promptly after a disposal, or preferably before it completes.
Should I keep records for older assets?
Yes. Purchase documents, legal fees, improvement invoices, valuations and evidence of ownership or occupation can be important even when the asset has been held for many years.
Ready when you are
Discuss the disposal before you commit.
Speak to us about the asset, ownership history and planned transaction so we can identify the relevant tax considerations.
Book your consultation →