Capital Gains Tax Calculation Services
We provide professional Capital Gains Tax (CGT) calculation services to help both individuals and businesses in the UK accurately assess and manage their tax liabilities.
Our accountants can help ensure that you comply with the latest tax regulations whilst making the most of available reliefs and exemptions.
What is Capital Gains Tax?
CGT is payable when you sell, transfer, or dispose of an asset that has increased in value. The actual tax due is calculated based on the profit (gain), not the total asset value.
You may need to pay CGT on:
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Property that is not your main home (e.g. buy-to-let properties, commercial real estate)
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Shares and investments (excluding ISAs and PEPs)
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Business assets, such as goodwill or equipment
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Valuable personal possessions worth over £6,000 (excluding cars)
If you are a business or an individual making significant asset transactions, we can help assess your liability, ensure that it is declared correctly and maintain compliance with the latest tax regulations.
How is Capital Gains Tax Calculated?
We have offered a basic guide to how CGT is calculated below. The amount of CGT you owe depends on the gain made, your total taxable income, and the type of asset sold. The calculation involves:
1. Determining the Gain
Subtract the purchase price, costs of improvement, and associated selling expenses from the sale price.
2. Applying the Annual Exempt Amount
Individuals benefit from an annual tax-free allowance (£3,000 in 2024/25). Companies will need to follow different rules under Corporation Tax regulations.
3. Applying the Tax Rate
The CGT rate varies:
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Basic rate taxpayers (with gains within the basic income tax band) pay 10% on most assets and 18% on residential property.
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Higher or additional rate taxpayers pay 20% on most assets and 24% on residential property.
4. Offsetting Losses
Any capital losses can be used to reduce taxable gains.
Capital Gains Tax Reliefs and Exemptions
HMRC offers several different relief and exemption schemes which may apply to your individual circumstances. These include:
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Private Residence Relief
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Business Asset Disposal Relief (Entrepreneurs’ Relief)
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Gift Hold-Over Relief
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Investors’ Relief
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Rollover Relief
Our Services
We offer:
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Calculation of your CGT liability (individuals and businesses)
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Declaration and reporting of your CGT liability
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Enrolment in tax relief and exemption schemes
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Maintaining ongoing compliance with tax regulations
Why Choose TB Accountants?
Our expert team will help ensure that you are taking advantage of all of the available schemes applicable to your individual circumstances, helping you minimise your tax burden legally and efficiently.
Additionally, we highly recommend consulting with an accountant to ensure that your CGT liability is calculated and declared accurately. This will ensure that only pay what is necessary while taking advantage of all available deductions.
With years of experience, you can trust our team to put your needs first.
Use our Contact form to get in touch with us for more information.
Success Stories
Client B: The expert tax advice from TB Accountants resulted in significant tax savings for our business.
Client A
Client E
Client C: The audit services from TB Accountants ensured our compliance with regulations and improved our financial transparency.
Client B
Client F
Client D: TB Accountants' consulting services provided us with strategic insights that boosted our business performance.
Client C
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