Capital Gains Tax can arise when you sell, transfer or dispose of an asset that has increased in value. The tax applies to the profit you make rather than the total amount received. Common taxable assets include second homes, rental properties, shares, valuable possessions and business assets.

Professional Capital Gains Tax services can help you calculate your liability correctly, claim available reliefs and report the disposal to HMRC on time.

When Is Capital Gains Tax Payable?

You may have to pay Capital Gains Tax when disposing of:

A second home or rental property
Shares held outside an ISA or pension
Business premises or business interests
Valuable personal possessions
Cryptocurrency and other investments

Your main home may qualify for Private Residence Relief, although full relief is not always available if the property was rented out, used for business or not occupied throughout the ownership period.

Capital Gains Tax Rates

For the 2026/27 tax year, individuals generally pay Capital Gains Tax at 18% on gains falling within their unused basic-rate band and 24% on gains above it.

Most individuals also have an annual Capital Gains Tax allowance of £3,000. Only taxable gains remaining after allowable losses, costs, reliefs and the annual exemption are charged. Check the current rates on GOV.UK.

Reporting Property Sales

If you sell UK residential property and Capital Gains Tax is due, the disposal must normally be reported and the tax paid within 60 days of completion. Missing this deadline can result in interest and penalties.

The disposal may also need to appear on your Self Assessment tax return. Read the property reporting requirements.

Capital Gains Tax Reliefs

Depending on your circumstances, you may qualify for reliefs such as Private Residence Relief, Business Asset Disposal Relief, Gift Hold-Over Relief or Business Asset Rollover Relief.

Business Asset Disposal Relief can reduce the tax charged on certain qualifying business disposals. For qualifying gains arising from 6 April 2026, the relief rate is 18%, subject to the eligibility conditions and lifetime limit. Review the official eligibility rules.

How Tax Consultant Can Help

At Tax Consultant, we provide reliable Capital Gains Tax services for individuals, landlords, investors and business owners. We can calculate your gain, review allowable costs, identify relevant reliefs, prepare property disposal returns and report the transaction accurately to HMRC.

Planning before selling an asset can sometimes produce a better tax outcome. Contact Tax Consultant for clear, practical advice tailored to your circumstances.

Frequently Asked Questions
1. Do I pay Capital Gains Tax on the full sale price?

No. Capital Gains Tax is normally calculated on the profit after deducting the original cost, eligible selling expenses, improvement costs and available reliefs.

2. Is my main home exempt from Capital Gains Tax?

Your home may qualify for full Private Residence Relief, but tax can arise if part of it was rented out, used exclusively for business or not occupied as your main residence throughout ownership.

3. Can I deduct legal and estate-agent fees?

Certain costs directly connected with buying and selling an asset may be deducted when calculating the taxable gain.

4. How quickly must a property sale be reported?

Taxable disposals of UK residential property must generally be reported and paid within 60 days of completion.

5. Can Tax Consultant submit my Capital Gains Tax return?

Yes. Tax Consultant can calculate your liability, prepare the necessary return, claim eligible reliefs and help you meet HMRC’s reporting deadline.