Capital Gains Tax Accountants
Selling or transferring property, shares, investments or other valuable assets can create a Capital Gains Tax liability.
PR Accountants Ltd provides Capital Gains Tax support to individuals, landlords, property investors, business owners, trustees and personal representatives across the UK.
We can calculate your gain, review the available reliefs and losses, prepare the appropriate return and explain how much tax is due and when it must be paid.
Capital Gains Tax support when you need it
Capital Gains Tax is not simply calculated by deducting the original purchase price from the sale proceeds.
The correct calculation may depend on:
- how and when the asset was acquired
- whether the asset was inherited or received as a gift
- purchase and disposal costs
- capital improvement expenditure
- periods when a property was occupied as your main home
- previous capital losses
- your taxable income for the relevant tax year
- whether any Capital Gains Tax reliefs apply
- whether you are UK resident or non-UK resident
- whether the asset was jointly owned
We review the full circumstances of the disposal before preparing the calculation.
What we can help with
Our Capital Gains Tax service can include:
- reviewing the sale, gift or transfer of an asset
- calculating the chargeable gain or allowable loss
- reviewing acquisition and disposal costs
- identifying qualifying capital improvement expenditure
- considering available Capital Gains Tax reliefs
- reviewing brought forward and current year capital losses
- calculating the estimated Capital Gains Tax liability
- preparing and submitting UK property disposal returns
- helping you obtain and use your Capital Gains Tax on UK Property account
- reporting gains through Self Assessment where required
- reconciling payments already made through the UK property reporting service
- providing payment instructions and deadline guidance
- assisting with late or previously omitted disposals
- responding to HMRC enquiries relating to a calculation or return, subject to a separate quote
UK property Capital Gains Tax returns
A short reporting deadline can apply when UK residential property is sold.
UK residents who dispose of UK residential property and have Capital Gains Tax to pay will normally need to report the disposal and pay the estimated tax within 60 days of completion.
Non-UK residents generally need to report disposals of UK property or land within 60 days, even where there is no tax to pay or the disposal results in a loss.
If you are also registered for Self Assessment, the disposal may need to be reported again on your tax return for the relevant tax year. Any Capital Gains Tax already paid is then taken into account when your final position is calculated.
Because the deadline runs from completion rather than the end of the tax year, it is important to seek advice as early as possible.
Property disposals we can assist with
We can provide Capital Gains Tax support for disposals involving:
- buy-to-let properties
- second homes
- former main residences
- jointly owned properties
- inherited properties
- gifted properties
- UK property sold by non-UK residents
- land and development sites
- properties that have been occupied and rented during different periods
- transfers between connected persons
- properties held by trustees or personal representatives
Selling your main home does not automatically mean there will be no reporting requirement or tax liability. Private Residence Relief may be available, but the outcome depends on the ownership, occupation and use of the property throughout the period of ownership.
Capital Gains Tax on shares, investments and other assets
Capital Gains Tax can also arise when you sell, gift or transfer assets such as:
- shares and other investments
- cryptocurrency and other cryptoassets
- business assets
- valuable personal possessions
- land
- an interest in a partnership
- assets transferred to connected persons
A disposal can occur even where no money changes hands. Gifts, transfers below market value and certain exchanges may still need to be considered for Capital Gains Tax purposes.
Capital Gains Tax planning before a disposal
Where advice is sought before a sale or transfer, we can help you understand the likely tax consequences before the transaction is completed.
Pre-disposal planning may include:
- estimating the potential taxable gain
- reviewing the likely tax rate
- considering the use of available capital losses
- reviewing the timing of the disposal
- considering ownership and connected person rules
- assessing whether a relief may be available
- identifying records and valuations that should be obtained
- considering the interaction with your wider income and tax position
Tax planning must be completed before the relevant transaction. Once a disposal has taken place, the available options may be more limited.
Information we may need
The records required will depend on the asset and how it was acquired. These may include:
- purchase and sale completion statements
- contracts and transfer documents
- legal and professional fee invoices
- Stamp Duty Land Tax records
- estate agent fees
- invoices for capital improvements
- evidence of previous capital losses
- probate documents and inheritance valuations
- property valuations
- details of gifts or transfers
- dates when a property was occupied as your main home
- dates when a property was rented or used for another purpose
- investment or share transaction statements
- details of your expected taxable income for the year
Normal repair and maintenance costs are not usually treated as capital improvement expenditure. We will review the nature of the work rather than relying only on how an invoice has been described.
How our Capital Gains Tax service works
1. Initial review
You provide details of the asset, how it was acquired, the disposal and your wider circumstances.
2. Records and calculation
We review the available records and calculate the gain or loss, including eligible costs and relevant reliefs.
3. Explanation and approval
We explain the calculation, estimated tax liability and payment deadline before anything is submitted.
4. Return submission
Once approved, we prepare and submit the appropriate Capital Gains Tax return or Self Assessment disclosure.
5. Payment and follow-up
We provide payment instructions and explain whether the disposal must also be included in a later Self Assessment tax return.
Why choose PR Accountants Ltd?
Capital Gains Tax calculations can become complicated where a property has been inherited, gifted, jointly owned, occupied as a main home or rented during part of the ownership period.
We provide clear, practical support by:
- reviewing the disposal carefully
- explaining what records and valuations are required
- considering available reliefs and losses
- preparing a documented Capital Gains Tax calculation
- helping you meet the correct reporting deadline
- explaining the calculation and payment position in plain language
- ensuring the property return and Self Assessment return are treated consistently
Frequently asked questions
Do I pay Capital Gains Tax when I sell my home?
You may qualify for Private Residence Relief if the property has been your only or main residence. However, the relief may be restricted if the property was rented out, used for business, not occupied throughout the ownership period or if part of the land or property does not qualify.
Can improvement costs reduce the gain?
Qualifying capital improvement expenditure may be deductible if it enhanced the asset and the improvement still forms part of the asset when it is disposed of. Routine repairs, maintenance and costs already deducted against income are not normally deductible again.
What happens if I inherited the property?
The starting value will generally be based on the property’s market value at the relevant date of death rather than the amount originally paid by the deceased. Probate records and supporting valuations may therefore be important.
What if I gave the asset away?
A gift can still be treated as a disposal for Capital Gains Tax purposes. Where the recipient is a connected person, market value may need to be used even if no money was paid. Different rules can apply to qualifying transfers between spouses or civil partners and to certain gifts of business assets.
Can you submit the 60-day property return for me?
Yes. We can prepare the calculation and submit the return once the required information and HMRC authorisation are in place. You should contact us as soon as the completion date is known because the deadline cannot normally be extended simply because information was provided late.
What if the deadline has already passed?
The disposal should be reviewed and reported as soon as possible. Late filing penalties and interest may apply, but delaying the return further can increase the amount due. We can help establish what should have been reported and prepare the outstanding return.
How much does the service cost?
We provide a quote based on the type of asset, ownership history, number of disposals, available records, reliefs involved and filing requirements. You will receive the quote before we begin the work.
Need help with Capital Gains Tax?
Whether you are planning a disposal, have recently sold a property or have already missed a reporting deadline, PR Accountants Ltd can help you understand and report your Capital Gains Tax position.
Need help with Capital Gains Tax?
Whether you are planning a disposal, have recently sold a property or have already missed a reporting deadline, PR Accountants Ltd can help you understand and report your Capital Gains Tax position.
Contact us as early as possible where a property transaction is approaching completion.
Contact PR Accountants Ltd today to request a Capital Gains Tax quote.
Capital Gains Tax
Capital Gains Tax calculations, relief reviews, 60-day UK property returns and Self Assessment reporting for property, shares and other chargeable assets.
The 60-day wording and separate treatment for non-UK residents reflect current HMRC guidance as at July 2026. HMRC guidance for UK residents and HMRC guidance for non-UK residents.