Reliable capital gains tax accountants
Capital gains tax made simple with JGTAX’s expertise.
Capital gains tax (CGT) can be an intricate aspect of tax law, especially when navigating business asset transfers, property sales, or share disposals. At JGTAX, we understand the intricacies of CGT and personalise solutions to maximise the opportunities to reduce your tax liability.
Whether you’re an individual selling a personal asset, a business owner restructuring your company, or an overseas landlord disposing of UK property, our expert team can provide clear and concise advice. We’ll analyse your financial situation, identify potential tax savings, and guarantee compliance with all applicable regulations.
By harnessing our expertise and keeping abreast of the latest tax legislation, we are committed to assisting you in making informed decisions and improving your tax position. Don’t let CGT catch you off guard. Contact JGTAX today for a comprehensive assessment of your capital gains tax needs.
Scope of our capital gains tax services
Property sale
We'll ensure you understand the tax responsibilities related to purchasing or selling property in the UK, including capital gains tax and stamp duty.
Property investor support
Whether you're dealing with buy-to-let properties or other investments, we'll help you navigate the complexities of CGT and maximise your returns.
Tax-efficient property transfers
Thinking of gifting a property to your family? We'll advise on the most tax-efficient way to transfer ownership while minimising CGT.
Non-resident support
Are you a non-UK resident with capital gains in the UK? We can navigate the unique tax implications and ensure you comply with UK regulations.
Offsetting losses
Have you made losses on other assets? We advise using these losses to offset your capital gains and reduce your tax burden.
Understanding share CGT
Not all shares are taxed the same. We'll help you understand how CGT applies to different types of shareholdings.
Don't let capital gains tax stress you out.
Get expert advice! Call 020 3289 1688. We’re available from 10 am to 6 pm, Monday to Friday.
Or reach us by email: info@jgtax.co.uk
Tax investigation support and tax investigation insurance
Tax investigations can be a daunting experience, fraught with stress and uncertainty. At JGTAX, we understand the complexities and potential consequences of a tax investigation.
Our experienced team is well-versed in handling tax inquiries from HMRC, providing expert guidance and support throughout the process. We’ll work closely with you to gather the necessary documentation, respond to HMRC queries, and effectively represent your interests.
Whether it’s a routine enquiry or a full-scale investigation, we aim to minimise your tax liability, reduce penalties, and protect your reputation. Our insurance for tax investigations is designed to cover expenses that could occur during an inquiry, providing you with financial security and peace of mind.
Who do we serve?
Individuals
Individuals
Businesses
Businesses
UK landlords
UK landlords
Overseas landlords
Overseas landlords
Property investors
Property investors
Non-UK residents
Non-UK residents
Why work with us?
Expert guidance
Our team of qualified accountants will provide clear, customised advice to assist you in fulfilling tax obligations while maximising your financial gains.
Timely compliance
We will ensure that your CGT calculations and filings are accurate and submitted on time to avoid unnecessary problems.
Comprehensive planning
We’ll work with you to develop a comprehensive strategy that minimises your CGT burden now and in the future, considering potential future asset sales.
Updates on regulations
CGT regulations can change. We remain vigilant regarding the latest developments and ensure that your tax strategies are both compliant and optimised.
Accuracy and reliability
We take pride in our meticulous attention to detail. You can trust us to provide accurate CGT calculations and ensure you pay precisely what you owe.
Confidentiality
We understand the importance of discretion. Your financial information is always safe, and we strictly adhere to all data protection regulations.
Frequently Asked Questions
How can I reduce capital gains tax on selling a property?
When selling a property, it is essential to consider the impact of capital gains tax. However, various strategies can be employed to mitigate this tax liability:
Principal Private Residence Relief (PPR): This relief exempts part or all of the gain from tax if the property was your main home for the majority of the ownership period.
Let Property Relief: If the property was rented out for a portion of the ownership period, let property relief can reduce the taxable gain.
Business Asset Disposal Relief (BADR): If the property was utilised for business purposes, you may qualify for BADR, which can significantly reduce the applicable tax rate.
Each situation is unique, and our team of tax experts will thoroughly analyse your specific circumstances to determine the most suitable methods for minimising your capital gains tax liability.
What exemptions or reliefs are available for capital gains tax?
In addition to the mentioned reliefs, some other exemptions and reliefs could be advantageous for you:
Charity gifts: Donating a property to charity can result in an exemption from tax on the gain.
Gifts to your civil partner or spouse: Transferring property to your civil partner or spouse can defer the tax liability.
Loss relief: If you have incurred capital losses from other assets, you may be able to offset them against your capital gains.
Our certified tax experts will thoroughly assess your situation to identify any relevant exemptions or reliefs that could help reduce your CGT bill.
What’s the reporting deadline for capital gains tax on residential properties?
Regarding reporting CGT on residential properties, the deadline depends on whether the property is sold as your main home. Here’s the breakdown:
Main home: If you sell your main home, you are generally not required to report any CGT unless you claim PRR or Let Property Relief.
Other residential properties: If you sell a property other than your main home, you must report any capital gains within 60 days of the residential property sale and submit your Self-Assessment tax return by 31 January following the sale.
Accreditation
Got questions about capital gains tax?
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