Personal tax planning

Selling property which isn’t your main home, or higher-value assets, could mean you’ll face a capital gains tax (CGT) bill from HMRC. While there’s no way around this, there are ways you can use allowances to lessen the impact of your bill.

We’ve helped countless clients with their liabilities, so we can help prevent your gains from being taxed more than they need to be.

Making the calculations

No matter what you’re looking to sell, we’ll discuss the most tax-efficient options available to you. By managing your CGT calculations and allowances, we’ll make sure you pay your outstanding bills in advance, so you meet any deadlines as early as possible. Once a property has been sold, you will have 60 days to report any gains to HMRC – but with our help, you won’t need to lift a finger as we’ll organise this all for you.

Your main home falls outside the scope of CGT, so it’s important to consider any other property you own, as CGT is charged at a higher rate for residential property. We can advise you on the best ways to look into a property’s ownership, so you don’t incur a higher tax bill than necessary.