Expert guidance to calculate, report, and reduce your capital gains tax liability.
Selling a second home or investment property? We’ll help you understand your Capital Gains Tax liability and ensure your 60-day return is filed accurately and on time. We’ll guide you through every step from calculating your gain to claiming any reliefs you're entitled to.
Selling a property or other valuable assets? Understanding Capital Gains Tax (CGT) can be tricky especially with the added requirement to file residential property returns within 60 days of sale.
At Shoreline Accountants, we simplify the process. We’ll help you calculate your capital gain accurately, identify any available reliefs, and ensure your 60-day residential property return is submitted on time and in full compliance with HMRC rules.
Selling property can be stressful enough so let us handle the tax side with confidence and clarity.
We’ll prepare and file your return accurately and promptly, ensuring you meet the deadline and avoid penalties. We also offer advice on reliefs and payment options, helping you manage your tax efficiently.
You’ll need to provide details of the sale price, the original purchase price, and any allowable costs (like solicitor fees or improvements). We’ll help calculate the gain and any tax due.
HMRC introduced this rule to speed up the collection of Capital Gains Tax (CGT) on property sales. If you don’t file the return on time, you may face penalties or interest charges.
When you sell a UK residential property that’s not your main home such as a buy-to-let or second home you’re required to report the sale to HMRC within 60 days of completion. This is known as the residential property capital gains tax return.
Learn more about how our accounting services can benefit your business. We look forward to hearing from you and helping you achieve financial success!