UK Residents

The reporting of Capital Gains on UK residential property changed from 6th April 2020.  After this date you have 60 days from the completion of your sale to report the disposal of your UK residential property and provide a calculation of the gain to HMRC.

After the 60 day reporting deadline has passed, late filing penalties will apply.  It is best to plan for your tax reporting when you have secured a buyer and are ready to instruct solicitors.  We can liase with your agent and your solicitors to obtain the necessary information to complete the return so you do not miss an important filing deadline.

Our fixed fees for the completion of the CGT on Property Return for UK residents is £500.

A reduced fee is available for the second person if you owned the asset in joint names and the same information needs to be reported to HMRC on both returns.

Non UK Residents

Non UK residents disposing of any UK land and property need to report the disposal to HMRC, even if there is no gain and no tax to pay.  However the good news is that if there is a gain on your UK land and property, only the gain arising after April 2015 is subject to UK tax.  We can calculate the gain for you in a way that gives you the lowest amount of UK tax to pay.

Our fixed fees for the completion of the CGT on Property Return for non UK residents is £610.

A reduced fee is available for the second person if you owned the asset in joint names and the same information needs to be reported to HMRC on both returns.