Capital Gains Tax Accountant
Selling an asset? You may be liable for Capital Gains Tax (CGT), which can affect your profits. At Zahtax, our Capital Gains Tax Accountant services help individuals, landlords, and businesses stay compliant while reducing liabilities.
Our team offers tailored advice to maximise returns. Whether selling property, shares, cryptocurrency, or business assets, we review your situation and identify available reliefs such as Private Residence Relief, Entrepreneur’s Relief, and Gift Hold-Over Relief.
- Chartered Certified Accountants
- Fixed Fee Services
- Tax Liability Minimisation
What Does a Capital Gains Tax Accountant Do?
A Capital Gains Tax Accountant helps you manage the tax implications of selling assets, ensuring you pay only what’s necessary while maximising savings. Whether disposing of property, shares, cryptocurrency, business assets, or valuable personal items, we calculate your tax liability and ensure full compliance with HMRC rules.
We identify allowable expenses, exemptions, and reliefs such as Private Residence Relief, Business Asset Disposal Relief, and Rollover Relief to reduce your tax bill. Our team also provides strategic tax planning, advising on the timing of disposals to minimise liabilities. Working with a Capital Gains Tax Accountant helps you avoid unnecessary tax payments, reduce penalties, and make informed financial decisions.
How Capital Gains Tax is Calculated in the UK
In the UK, Capital Gains Tax (CGT) is payable on the profit you make when you sell or dispose of an asset that has increased in value. Working with a Capital Gains Tax Accountant ensures all reliefs are correctly applied and your CGT is calculated accurately.
The basic calculation involves:
- Determine the Sale Proceeds – The amount you received when selling the asset.
- Deduct the Acquisition Cost – The amount you originally paid for the asset, including purchase-related costs such as solicitor fees or stamp duty.
- Deduct Allowable Expenses – Costs associated with buying, improving, or selling the asset, such as renovation costs or broker fees.
- Calculate the Gain – Sale proceeds minus acquisition cost and allowable expenses.
- Apply Reliefs and Exemptions – For example, Private Residence Relief, Business Asset Disposal Relief, or the annual CGT allowance (£3,000 for 2024/25).
- Apply the Correct Tax Rate – CGT rates depend on your overall taxable income.
Capital Gains Tax Specialist – Zahtax Accountants
At Zahtax Accountants, we are experienced Capital Gains Tax specialists and accountants, providing expert guidance on Capital Gains Tax for both UK residents and overseas clients. Whether you are selling property, shares, or other valuable assets, our team ensures your tax liabilities are calculated accurately, all available reliefs are applied, and HMRC reporting requirements are fully met. Working with a dedicated Capital Gains Tax Accountant helps you minimise your tax exposure, stay compliant, and make informed financial decisions, no matter where you are based.
Capital Gains Tax Rates (2024/25)
Capital Gains Tax Rates – UK Residents (2024/25)
Taxpayer Type
CGT Rate on Shares & Other Assets
CGT Rate on Residential Property
Notes
Basic Rate Taxpayer
10%
18%
Applies to gains above the annual CGT allowance (£3,000 for 2024/25)
Higher & Additional Rate Taxpayer
20%
28%
Applies to gains above the annual CGT allowance
Capital Gains Tax Rates – Non-Residents (NRCGT) – 2024/25
Taxpayer Type
CGT Rate on Shares & Other Assets
CGT Rate on Residential Property
Notes
All Non-Residents
10% (basic rate), 20% (higher rate)
18% (basic rate), 28% (higher rate)
Non-residents are generally only liable for UK residential property gains; shares and other non-UK assets are usually exempt unless the gain is on UK assets.
Capital Gains Tax on Property
If you sell or dispose of a property, you may be liable for Capital Gains Tax (CGT) on the profit. This applies to second homes, buy-to-lets, and overseas properties. Understanding reliefs such as Private Residence Relief or Lettings Relief can significantly reduce your bill. Learn more on our dedicated page about Capital Gains Tax On Property
Capital Gains Tax on Shares
If you sell or dispose of shares, you may owe Capital Gains Tax (CGT) on the profit. This can apply to listed shares, company shares, and other investments. Reliefs like the Annual Exempt Amount or Business Asset Disposal Relief may reduce your bill. Learn more on our page about Capital Gains Tax On Shares
Who Can Benefit from Our Capital Gains Tax Services
- Individual Investors – Selling shares, stocks, or other investment assets.
- Property Owners – Selling residential or commercial properties in the UK.
- Buy-to-Let Landlords – Managing CGT liabilities on rental property disposals.
- Business Owners – Disposing of business assets or shares in companies.
- Self-Employed Professionals – Planning asset sales efficiently to reduce CGT exposure.
- UK Residents – Maximising allowances, reliefs, and tax planning opportunities.
- Overseas Residents – Ensuring compliance with NRCGT rules and UK CGT obligations.
- Individuals Planning Inheritance or Gifts – Minimising tax liabilities when transferring assets.
How Zahtax Can Help Minimise Your Tax Bill
- Expert Tax Advice – Guidance tailored to individuals, property investors, business owners, and the self-employed.
- Capital Gains Tax Planning – Maximise reliefs such as Principal Private Residence Relief, Letting Relief, and Business Asset Disposal Relief.
- Allowances & Deductions – Identify all eligible tax-free allowances and deductible expenses to reduce liability.
- Strategic Timing of Asset Disposals – Plan transactions efficiently to minimise overall tax bills.
- Compliance & Risk Reduction – Ensure full HMRC compliance, avoiding penalties and interest.
Long-Term Financial Planning – Support in making informed decisions to reduce future tax exposure
Frequently Asked Questions
Get answers to common questions about sole trader tax requirements and our services.
What is Capital Gains Tax (CGT) and when is it due?
Capital Gains Tax is a tax on the profit from selling an asset that has increased in value. It’s the gain, not the total sale price, that is taxed. For most assets, it’s due in the tax year you realize the gain. However, for UK residential property sales, you must report and pay the tax within 60 days of completion.
Do I have to pay capital gains tax on property?
You generally don’t pay CGT on your main home (due to Private Residence Relief). However, it is due on second homes, buy-to-let properties, and any property you’ve rented out. You can deduct costs like legal fees and improvements to reduce the taxable gain.
How does capital gains tax work for shares?
CGT applies to the profit from selling shares held outside of tax-advantaged accounts like ISAs or pensions. The gain is the difference between the sale price and the purchase price. Calculating this can be complex, so rules like the “same day” and “bed and breakfast” rules are used to determine the cost.
What is the role of a capital gains tax accountant?
A capital gains tax accountant helps you accurately calculate, report, and pay your tax liability from asset sales. They identify reliefs, advise on tax-efficient strategies, and ensure timely reporting to HMRC, helping you legally minimize your tax bill.
How much CGT do I pay?
The rate depends on your total taxable income and the type of asset. For most individuals, CGT rates on property are 18% or 28%, and for other assets, 10% or 20%.
Are there exemptions or reliefs available?
Yes, reliefs include the Annual Exempt Amount, Private Residence Relief, Lettings Relief, and Business Asset Disposal Relief. Claiming these correctly can significantly reduce your tax.
Do I need a capital gains tax specialist, and how can they help?
You may need a capital gains tax specialist if your finances are complex, such as having multiple properties, business assets, or international investments. They provide in-depth advice on complex rules and strategic planning to help you navigate and minimize your tax obligations.