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Tax Returns

CGT Returns

A tax levied on the profit made on the sale of any non-inventory qualifying assets is called Capital Gains Tax. Our CGT service includes planning your disposal, determining your options and filing your CGT return. From 6 April 2020, the government brought new rules on reporting and paying the Capital Gains Tax (CGT).

CGT Returns

Who will need to submit the cgt return?

Who Needs CGT Returns?

Generally, the 60-day CGT return rule applies to the taxpayer who usually complete their personal tax return, which includes:

Individual taxpayers

Joint owners of the residential property

Partners in general partnership and limited liability partnership (LLP)

Trustees of a trust

What information do we required?

Information We Required

The following information is required before you complete the CGT return:

Property address and postcode

The date you got the property, exchanged contracts, stopped being the property's owner

Value of the property when you got it, sold or disposed it

Costs of buying, selling or making improvements to the property

Property type, if you are a non-resident

The estimated taxable income, details of other disposals already made

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Customer satisfaction is our guiding concept. By putting an emphasis on consistency and communication, we aim to complete the task.

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