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Capital Gains

Navigating Capital Gains Tax can be complex and stressful, with costly consequences if mistakes are made. Our specialised service is here to take care of everything for you.

Whether you’ve profited from selling assets like property, jewellery or NFTs, our fully qualified experts will ensure your Capital Gains Tax return is handled accurately and efficiently. Put your tax matters into expert hands.

  • Qualified Professionals to work on your taxes

  • Personalised Service

  • Complete preparation and submission of your Self-Assessment tax return

How It Works

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Answer some simple questions

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Get paired with an expert

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We prepare and file your tax return

Frequently Asked Question About Capital Gains

Discover answers to essential questions about Capital Gains Tax returns, helping you understand your responsibilities and how to manage any gains from asset sales.

You need to submit a Capital Gains Tax return if you’ve made a profit from selling assets like property, shares or collectibles above the annual exemption amount, which is £3,000 from 6 April 2024. This ensures you’re paying the correct amount of tax on your gains. If you’re unsure whether your gains exceed the threshold or if you need to file, consider our Self Assessment service.
In the UK, if you’ve sold residential property and made a capital gain, you must report and pay the tax due within 60 days of the sale. This rule applies to transactions where the property is not your main home or if you’re liable to pay Capital Gains Tax on the profit. It’s crucial to meet this deadline to avoid penalties and interest charges.

To enter Capital Gains on your tax return, you’ll need to complete the Capital Gains section of the Self Assessment form. Start by listing each asset sold, the sale proceeds and the original purchase cost. Deduct any allowable costs or losses to determine your taxable gain. Ensure you also include any applicable reliefs.

Forgetting to declare Capital Gains can lead to serious consequences, including fines, penalties and interest charges. HMRC may conduct an investigation into your tax affairs, which can be stressful and time-consuming. It’s crucial to rectify the mistake as soon as possible by filing an amended return and paying any outstanding tax.

While it’s not mandatory to hire an accountant for Capital Gains Tax support, it can be highly beneficial. An experienced tax specialist can help you to navigate complex tax rules, ensure accurate reporting, and identify any available reliefs or deductions. They can also assist with meeting tax deadlines and avoiding costly errors.

Why choose us?

Your trusted tax partners

Our dedicated crew is here to give you dependable support and expert guidance. We’ll manage your tax affairs with precision, making sure you get the best value, and peace of mind every step of the way.

Always here to help

We’re always ready to tackle any questions you have. Our specialised insights and up-to-date service are tailored just for you. You can count on us for clear guidance that boosts your financial benefits, and keeps everything running like clockwork.

Personalised support

We tailor our services to suit your unique financial situation, providing clear, actionable guidance. Our personalised approach ensures you get the support you need to navigate your tax return with ease.

Stress-free process

Our team keeps taxes simple! Let us handle all the details, ensuring everything’s accurate and easy. With us in charge, you can sit back and relax, knowing your finances are in good hands.

 

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