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Simplify Your CGT Return with Expert Assistance!

CGT Return: Meet the 60-Day Deadline Effortlessly

Are you a UK resident looking to navigate the complexities of Capital Gains Tax (CGT) returns? Our team of experienced professionals is here to help you and ensure compliance with HMRC regulations.

Meet deadline for CGT Return

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Key Information for Filing Your CGT Return!

What You Need to Know About CGT Return (60-days)

If you’ve disposed of residential property, understanding your obligations regarding CGT is essential. The CGT Return allows you to report and manage any tax liabilities associated with the sale or disposal of residential properties in the UK.

Applicability

The 60-day CGT return rule typically applies to taxpayers who regularly file their personal tax returns, including individual taxpayers, joint owners of residential properties, partners in general partnerships and limited liability partnerships (LLPs), trustees of trusts, etc.

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CGT

Scope

Any disposal of UK residential properties falls within the scope of the 60-day rule, which encompasses various forms such as sale, gift, grant of lease out of residential properties, transfer via deed or declaration of trust, and transfer through any other means.

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Deadline and Payment

The deadline for filing CGT return is within 60 days of the completion of the disposal. The 60-day countdown begins from the completion date, not the exchange date. The payment is also the same as for the CGT return and any delays may lead to penalties and interest being imposed.

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Penalties for Late filing

Annual Exemption

In the UK, individuals have an annual exemption for CGT of £12,300 for 2022/23 which has been reduced to £6,000 for 2023/24. This means that each tax year, you can make gains up to the annual exempt amount without incurring any CGT liability.

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Don't let the complexities of CGT overwhelm you!

Why Choose us for your CGT Return?

We are specialist accountants and tax advisers for your property business! The service delivered by our qualified and experienced team is tailored as per your needs. Our accomplished tech-embedded service with exceptional property tax insight makes us stand out from the rest.

Expertise

Our team of qualified tax professionals specialises in CGT matters. We have an in-depth understanding of the UK tax regulations and can provide accurate advice tailored to your specific situation.

Risk Management
Personalised Solutions

Filing a CGT return can be complex, but we're here to simplify the process for you. Our experts will guide you through every step, ensuring you understand your obligations, available deductions, and any reliefs you may be entitled to.

Finance Function UKPA
Peace of mind

By entrusting your CGT return to us, you can focus on what you do best while we handle the tax compliance aspect. We take pride in providing a reliable and efficient service, giving you peace of mind during tax season.

Timely Filing
Timely Filing

CGT returns must be submitted within 60 days of the disposal of the asset. With our prompt service, you can rest assured that your CGT return will be filed accurately and on time, avoiding any penalties or unnecessary stress.

Tax Allowances and Exemptions
Maximising Tax Efficiency

We strive to optimise your tax position by exploring all eligible deductions and reliefs. We also provide proactive tax planning advice to ensure you stay ahead of potential tax implications and make informed financial decisions.

VAT return pricing
Competitive Pricing

Our services are competitively priced, providing excellent value for the expertise and quality we offer. We work with you to find the most cost-effective solutions that meet your accounting needs without compromising on the quality of service.

Our Process

How We Work

Experience seamless CGT return preparation with us. Our expert team assures efficiency, accuracy, and compliance throughout the process. Trust us to handle your CGT return with precision and professionalism, while you focus on your business's success.

Initial Consultation

We begin by scheduling an initial consultation with you to understand your specific CGT requirements and gather all the necessary information relevant to your tax situation. This helps us tailor our services to your unique needs.

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Collection of Data

Data Collection

Our team will guide you through the process of collecting and organising all the relevant financial data, including acquisition and disposal details, cost basis, and relevant documentation. We ensure that nothing is overlooked, and that all data is accurately captured.

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Data Assessment

Our team of tax professionals will then perform a careful analysis of the information provided and apply the appropriate CGT rules and regulations. We calculate the taxable gains accurately, considering any exemptions, reliefs, or allowances available to optimise your tax position.

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Return Preparation

Once the assessment is complete, we'll prepare the necessary CGT return documentation. This includes preparing and organising any required supplementary forms or schedules, ensuring that every detail is accurately captured and appropriately reported.

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Submission and Filing

Once the CGT return has undergone thorough review and any necessary adjustments have been made, we proceed with its finalisation. We submit the CGT return to HMRC on your behalf, ensuring a smooth and timely filing process.

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filing the partnership tax return

Support and Guidance

Throughout the process, we maintain transparent communication with you. Our team is readily available to answer any questions you may have and provide clarity on complex tax matters, ensuring you are kept well-informed every step of the way.

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