Capital Gain Tax
Preparation and Submission Service
Your CGT Service Needs
It’s crucial to file your Capital Gain Tax (CGT) return within 60 days from the date of completion to avoid penalties imposed by HMRC. We understand the complexities of CGT, and we’re here to make your tax obligations hassle-free and cost-effective for you.
At TaxCare Accountants, we are your leading online tax consultants, serving clients across the UK. If you’ve recently sold a property.
Save Thousands with our Capital Gain Tax Planning
We’ll carefully assess your capital gains and help you plan to minimize your tax liability while ensuring full compliance with the law. Our capital gain tax planning includes the full assessment of purchase price and all relevant costs. We will also assess all possible tax saving scheme and possible tax relief. Capital gain tax planning is initiated by an experienced capital gain tax specialist.
We Claim Primary Residence Relief (PPR)
If you’ve lived in the property you sold, you might be eligible for Primary Residence Relief (PPR). Our experts will assist you in claiming this relief, preventing you from losing out on significant tax benefits. PPR relief is complicated, and it would require an expertise knowledge. Tax Care will assess all potential relief available when preparing your tax return.
Entrepreneur Tax Relief/Incorporation Relief
There are other tax relief available to save your overall tax bill. You will pay only 10% capital gain tax if you are eligible for Entrepreneurs relief. Some of our clients pay nil tax by claiming incorporation tax relief. If you are planning to transfer your property from your name to a limited company then Incorporation tax relief is a great option for you. Tax Care will assess eligibility criteria and claim the tax relief if you meet the requirements. There are some other tax relief available such as holding over relief, gift aid relief and so on.
Letting Relief Assessment
We’ll assess the scope of letting relief to ensure that you take full advantage of any applicable tax deductions.
HMRC Property Tax Account
We’ll create an HMRC property tax account for your CGT declaration, streamlining the submission process.
CGT Filing
We will handle the entire process of filing your CGT return to HMRC, ensuring accuracy and timeliness.
Competitive Pricing
Our Capital Gain Tax preparation and submission service fee is a competitive price.
Additional Benefits
Unlimited Support
Benefit from unlimited support from your dedicated accountant who will be with you every step of the way.
Professional Tax Planning
Our experienced accountants initiate professional tax planning to optimize your financial position.
Tax Advisory
We provide tax efficiency recommendations tailored to your unique situation.
HMRC Correspondences
We manage all HMRC correspondences related to your tax inquiries.
Post Submission Support
We don't stop at submission; we're here for post-submission support.
Mortgage Reference Letter
We offer a mortgage reference letter for your convenience.
Instant Mortgage In Principle:
Through our mortgage partners, we provide you with instant Mortgage In Principle (MIP) for your property endeavors.
Why Choose TaxCare Accountants?
Industry-Leading Experts
Our team consists of highly qualified accountants and tax advisors with expertise in Capital Gain Tax and property tax.
Transparent Pricing
We offer fixed fees with no hidden costs and a price match guarantee.
Dedicated Account Manager
Your dedicated account manager is always ready to assist with your accounting inquiries.
Satisfaction Guarantee
We back our service with a 100% money-back guarantee if you're not satisfied with the quality of our work or customer service.
Modern Yet Traditional
We blend modern accounting practices with traditional values to deliver an award-winning service.
Hassle-Free Accounting
We provide a simple, paperless accounting service designed to save your time and money.
FAQ
What is Capital Gain Tax (CGT)?
Capital Gain Tax (CGT) is a tax on the profit made when you sell or dispose of an asset that has increased in value. This tax is applicable to various assets, including property and investments. If you sell a property, you are required to file your capital gain tax return within 60 days from the day of completion.
When do I need to file my CGT return?
If you sell a residential property you are required to file your CGT return within 60 days from the date of property completion to avoid penalties from HMRC. If your property is owned by a limited company, you would need to file CGT return within 50 days. Furthermore, you do not need to declare CGT within 60 days for commercial properties.
How can TaxCare Accountants help with CGT?
We offer a comprehensive CGT service that includes accurate calculation, expert advice, documentation and records management, submission to HMRC, and much more. Our team is here to simplify the process and optimize your tax position.
What is Primary Residence Relief (PPR)?
Primary Residence Relief (PPR) is a tax relief available if you have lived in the property you’ve sold. It can significantly reduce your CGT liability.
How does letting relief work?
Letting relief is a relief that can be claimed when you’ve let out part of your property. We assess the scope of letting relief to ensure you take full advantage of any applicable deductions.
What are the benefits of an HMRC property tax account?
An HMRC property tax account simplifies your CGT declaration process. We’ll create and manage this account for you, making it easier to file your returns.
Is your pricing competitive?
Yes, our Capital Gain Tax preparation and submission service is competitively priced.
What is the role of my dedicated accountant?
Your dedicated accountant provides unlimited support, professional tax planning, and tax efficiency recommendations. They are your point of contact for all accounting inquiries.
Can I trust TaxCare Accountants for post-submission support?
Absolutely, we’re here to provide support even after the submission of your CGT return. Our commitment to your financial well-being doesn’t stop at filing.
What is a Mortgage In Principle (MIP)?
A Mortgage In Principle is a certificate from a mortgage lender stating that they are prepared to lend you a certain amount. We offer instant Mortgage In Principle through our mortgage partners to facilitate your property endeavors.
What if I'm not satisfied with your service?
We offer a 100% money-back guarantee if you’re not happy with the quality of our work or our customer service. Your satisfaction is our priority.
Why choose TaxCare Accountants over other services?
TaxCare Accountants offers industry-leading qualified professionals, transparent pricing, dedicated account management, and a modern yet traditional approach to accounting. We view our service as an investment in your time and financial success.
