individuals
Capital Gains Tax on Property Sales
Selling a UK Property
Selling a UK property – whether it’s a buy-to-let, a second home, or an inherited property – can trigger a capital gains tax liability. The rules are complex, the reporting deadlines are tight, and getting it wrong can be costly. Similarly, if you gift or otherwise dispose of a property, CGT may apply.
We’ll calculate your gain accurately, identify any reliefs or exemptions you’re entitled to – such as Private Residence Relief – and make sure your CGT return is submitted to HMRC on time.
Important note on deadlines
The 60-day reporting rule
If you dispose of a UK residential property and make a taxable gain, you must report and pay any Capital Gains Tax within 60 days of completion. Missing this deadline can result in automatic penalties and interest charges. Note that for non-UK residents, any disposal of UK residential property must be reported even if there is no tax to pay.
60 days sounds like plenty of time – until you’re dealing with a completion and trying to calculate your liability. Get in touch early and we’ll make sure everything is in order before the clock runs down. We can help you plan ahead and avoid any last-minute stress.
What we do
- Calculation of your capital gains tax liability
- Review of available reliefs and exemptions
- Preparation and submission of your 60-day CGT return
- Advice on timing and structuring where possible
Who's it for?
Who We Work With
Get Started
Not sure what you need? Get in touch and we’ll talk through your situation. There’s no obligation – just a straightforward conversation.
- Step 1 - Call us or send an email
- Step 2 - Let’s have a conversation about what you need
- Step 3 - Meet with your dedicated accountant or tax adviser
- Step 4 - Decide on how we can help
- Step 5 - Let’s get started on your finances
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