individuals

Capital Gains Tax on Property Sales

Selling or gifting a property? We’ll make sure you report it correctly and pay the right amount of tax.

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

Who's it for?

Who We Work With

We work with individuals, trustees or executors who are selling, gifting or disposing of a property that’s not their primary residence.

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

      EXCELLENT  
   Based on 4 reviews 
    
 
 
 
   
 
 
       Posted on Google  
   
   Karen McClure 
 29 January 2025
 
 
 Trustindex verifies that the original source of the review is Google. Danielle, Becky and all at Create Balance are a highly professional team who have helped us refocus on our financial goals, our HR systems and set up, and have been a really great support.
  
 
      Posted on Google  
   
   Louise Johnston 
 23 December 2024
 
 
 Trustindex verifies that the original source of the review is Google. Jane was amazing in helping me get all my questions answered about my salary and taxation.  I use Create Balance on a monthly basis to keep my finances 100%, and that takes a huge stress off me knowing that they take care of it.  Thank you Jane!
  
 
      Posted on Google  
   
   Benjamim Sutch 
 7 December 2024
 
 
 Trustindex verifies that the original source of the review is Google. The Create Balance team are a pleasure to work with. Their team is professional, responds quickly to requests, and always provides proactive and relevant industry updates that affect my business. Thank you!
  
 
      Posted on Google  
   
   Kate Lovejoy - Info 
 3 December 2024
 
 
 Trustindex verifies that the original source of the review is Google. We’ve worked with Create Balance for several years now and couldn’t recommend them highly enough. Throughout that time, we’ve felt incredibly supported and in safe hands, which is invaluable. Beyond that, we’re continually encouraged every step of the way! Thank you, Create Balance!

Other Services for Individuals

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Talk to an expert

Our tax and accountancy specialists are here to help you consolidate, plan or grow. Let’s start a conversation.