Property Capital Gains Tax
Professional Assistance with Your UK Property Capital Gains Tax
Expert Knowledge
Our team has in-depth knowledge of property capital gains tax and extensive experience in managing tax affairs for property owners.
Transparent Pricing
Enjoy clear, flat-fee pricing with no hidden costs, giving you peace of mind about the cost of our services.
Tailored Advice
We provide customised solutions based on your specific property portfolio and financial situation.
Understanding Property Capital Gains Tax
Property Capital Gains Tax is a key consideration for UK property owners when selling or disposing of real estate. At The Landlord Accountancy Group, we provide expert guidance to help you navigate the complexities of Capital Gains Tax, ensuring you meet your obligations while optimizing your tax position.
What is Capital Gains Tax?
Capital Gains Tax is the tax you pay on the profit made from selling or disposing of property. The gain is calculated as the difference between the sale price and the purchase price, minus any allowable costs and deductions. Whether you’re selling a rental property or a second home, understanding how Capital Gains Tax applies is essential for effective financial planning.
Key Aspects of Property Capital Gains Tax
Calculating Capital Gains: Determine the gain from the sale of your property, including factors such as the purchase price, selling price, and allowable costs.
Allowable Costs: Deductible costs can include improvements made to the property, legal fees, and estate agent fees.
Private Residence Relief: If the property was your main home, you may be eligible for relief that reduces or eliminates Capital Gains Tax on the gain.
Lettings Relief: This relief may apply if you rented out part or all of your property while it was your main home.
Annual Exempt Amount: An annual tax-free allowance is available.
Rate of Tax: Capital Gains Tax rates vary depending on your total taxable income and the type of property sold.
Why Choose The Landlord Accountancy Group?
Specialised Expertise: Our team has in-depth knowledge of property Capital Gains Tax and extensive experience in managing tax affairs for property owners.
Tailored Advice: We provide customised solutions based on your specific property portfolio and financial situation.
Stress-Free Management: We take care of the entire process, from calculations to filing, so you can focus on your property investments.
Up-to-Date Information: We stay current with the latest tax laws and reliefs, offering proactive advice to help you optimise your tax position.
Transparent Pricing: Enjoy clear, flat-fee pricing with no hidden costs, giving you peace of mind about the cost of our services.