Selling a property, investment or business asset can create a Capital Gains Tax liability. Calculating the correct amount is not always straightforward, particularly when allowable costs, previous losses and tax reliefs must be considered.

Professional Capital Gains Tax services can help you understand your position, report the disposal correctly and avoid paying more tax than legally required.

What Is Capital Gains Tax?

Capital Gains Tax is charged on the profit made when an asset is sold, transferred, exchanged or given away. The tax applies to the gain rather than the full amount received.

Assets that may create a taxable gain include second homes, rental properties, shares, cryptocurrency, valuable possessions and business assets. Your main residence may qualify for Private Residence Relief, although restrictions can apply if it was rented out, used for business or not occupied throughout ownership.

Current Capital Gains Tax Rates

For the 2026/27 tax year, most individuals have an annual Capital Gains Tax exemption of £3,000.

Taxable gains are generally charged at 18% when they fall within the individual’s unused basic-rate Income Tax band and 24% above it. Your income and gains must therefore be considered together when calculating the correct rate. Check the current Capital Gains Tax rates.

Calculating Your Taxable Gain

A basic gain is calculated by deducting the original purchase cost from the disposal value. You may also be able to deduct certain legal fees, estate-agent charges, acquisition costs and qualifying capital improvements.

Allowable capital losses can reduce taxable gains. Reliefs such as Private Residence Relief, Business Asset Disposal Relief, Gift Hold-Over Relief and Business Asset Rollover Relief may also be available, depending on the circumstances.

Capital Gains Tax on Property

Capital Gains Tax commonly affects landlords and people selling second homes. If tax is due on the sale of UK residential property, it must normally be reported and paid within 60 days of completion.

The disposal may also need to be included in your Self Assessment tax return. Late reporting can result in penalties and interest. Read HMRC’s property reporting guidance.

Why Use Capital Gains Tax Services?

Errors can arise when purchase records are incomplete, improvement costs are confused with ordinary repairs or eligible reliefs are overlooked. Professional advice is particularly valuable when a property was jointly owned, inherited, gifted, previously occupied as a main residence or purchased many years ago.

Planning before a disposal may also provide more opportunities than seeking advice after the transaction has completed.

How Tax Consultant Can Help

At Tax Consultant, we provide Capital Gains Tax services for landlords, property owners, investors, shareholders and business owners.

We can calculate your gain, review allowable costs, identify relevant reliefs and prepare the necessary HMRC return. We can also advise before a proposed sale so you understand the likely liability and reporting requirements.

Contact Tax Consultant today for practical and dependable Capital Gains Tax support.

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

No. Capital Gains Tax is normally charged on the profit after eligible costs, losses, allowances and reliefs have been deducted.

2. Is Capital Gains Tax payable on my main home?

Your main residence may qualify for Private Residence Relief. Full relief is not guaranteed if it was rented, used for business or not occupied throughout ownership.

3. Can renovation costs reduce my gain?

Qualifying improvements may be deductible, but routine repairs and maintenance are generally treated differently.

4. When must a property disposal be reported?

Capital Gains Tax due on UK residential property must usually be reported and paid within 60 days of completion.

5. Can Tax Consultant deal with HMRC for me?

Yes. Tax Consultant can calculate your liability, prepare the relevant return, claim eligible reliefs and manage the reporting process with HMRC.