- United Kingdom
Capital Gains Tax is the type of tax you pay when you sell something for a profit. This could include assets like houses, stocks, or other valuable items. You just have to pay tax on the profit, not the full amount.
In UK, you’ve to report this profit on your tax return and pay tax on it. However, you may not be required to pay taxes on the entire profit because there is a specific amount that is exempt from taxes, known as the Capital Gains Tax (CGT) allowance. Every year, this allowance is set or updated. It’s beneficial to understand Capital Gains Tax if you buy and sell items so you can see how it impacts your taxes.
Our qualified Accountants provide a complete Capital Gains Tax services and will handle the entire tax return process including dealing with HMRC on your behalf.
You pay CGT on the gain when you sell or dispose of something. It mainly includes;
The rate may vary depending on;
If You’re a Higher Rate Income Taxpayer:
If you fall under this bracket, the CGT you will pay will depend on what you’ve sold and when you’ve sold it.
Starting from 6th April 2025;
If You’re Basic Rate Income Taxpayer:
From 6th April 2025, the Capital Gains Tax rates are:
Start the process by sending us details about your assets and related documents.
After reviewing carefully, our tax specialists
use HMRC-recognised techniques to calculate your gain.
We prepare all the necessary documents and reports required by HMRC, ensuring accuracy.
On your behalf, we file your Capital Gains Tax return with HMRC and keep you informed at every step of the way. We’re here to handle everything, so you don’t have to worry at all.
We are your trusted Capital Gains Tax Specialists. Our benefits include:
Capital Gains Tax rules can be complex, since they differ according to the type of asset involved and its ownership structure. Our team stays updated with HMRC latest guidelines to ensure clearer and more accurate guidance that tailors your situation.
We calculate your CGT with pinpoint accuracy using industry-standard tools that are all compliant with HMRC. This minimises the chances of errors, surprise bills, or penalties caused by incorrect submissions.
Our Accountants will examine your case to identify the reliefs or exemptions that you could benefit from, directly reducing your taxable gain and preserving more profit for you.
Whether you live in UK or abroad, we treat your CGT case with the same level of care and transparency. We have in-depth understanding of the specific tax rules applicable to non-residents and will ensure compliance for all our clients.
If you are selling an asset or willing to sell in future, understanding and managing Capital Gains Tax fully can save you pounds. At Cannytax, our expert team of Accountants have got you covered.
Let’s make sure that you’re only paying what you actually owe, no more, no less!
Capital Gains Tax (CGT) is applied to the profit which is made when you sell or dispose of certain assets.
You can call or write to HMRC directly. Also, you can get help from qualified tax professionals, CGT specialists or Accountants for any queries.
It includes home, rental properties, shares, business assets, and certain valuable items worth £6000 or more.
Yes, a Certified Accountant can definitely assist with Capital Gains Tax. They'll help calculate your gain, claim any reliefs which are available, and file your tax return with HMRC.
Fees can vary depending on the complexity of your case and services offered.
If you don't pay CGT on time, HMRC can charge you penalties and interest.
