Liz Beadsley
Chartered Tax Adviser - Partner (non-lawyer)
Capital Gains Tax Returns
We're here to make sure you have everything you need when selling your house.
Legal advice on Capital Gains Tax Returns
Capital Gains Tax is the tax you pay on profit made when you sell an asset that has increased in value.
Capital Gains Tax (CGT) applies to many assets, including UK residential property. The ‘gain’ is the difference between what you paid for the property and what you sold it for.
It refers to all disposals of property, including gifting a property, exchanging it, or transferring it to or from a trust, not just selling it.
To report or pay CGT on UK residential property, you must file your CGT return online within 30 days of the completion date, paying the tax due at the same time.
At the end of the tax year, you still need to list the disposal on your self-assessment return. Any tax you have already paid will be taken into account, so you will either pay the balance if more is due, or get a refund if you have overpaid.
Tax law is complicated and often changes, so it can be a challenge to stay on top of your various tax obligations. Our expert tax advisers have a deep knowledge of tax returns and calculations and can help you make sense of your CGT.
Speak to our experts
We have the largest private client team in the UK, our team of experts are here to provide discreet legal advice to support you and your family.
Reporting your Capital Gains Tax return
Let’s take a look at when you need to report, and what you will need to do it.We’re here to help
Complete our enquiry form and one of our experts will contact you by the next working day.
Alternatively, you can call us now.
Our opening hours are Monday to Friday 8am to 6pm (Excluding Public Holidays).
0370 1500 100
Making an enquiry
We have several ways you can contact us, either by completing our online contact form, by phone, or using our live chat. If you start your journey online, here are the first steps to working together.
Complete our online formWe need a few details to understand your situation and the kind of support you need.
We’ll contact you by phoneOn the call our experts will ask you a few more questions to make sure we connect you with the right legal advice from our team.
We arrange a full appointmentYour next step is an in-depth appointment with a specialist solicitor to discuss how we could advise you.
Frequently Asked Questions
This is the term used for getting rid of an asset. In the context of property, a disposal can mean:
- Selling your property
- Exchanging it for something else
- Transferring it into or from a trust
- Gifting it to someone else (even if no money exchange is involved).
Our commitment to you
Our experts always start by listening, so we understand what matters most from day one.- 01Clear legal guidance
You will always get straightforward, honest advice, with regular updates to keep you clear on the way forward.
- 02Specialist knowledge
A wide-ranging team of trusted specialists who understand what it takes to protect your future, your family or your business.
- 03Your needs first
Whether you’re navigating complex personal situations or business decisions, we take the time to understand your world and what’s at stake.
.jpg%3Fh%3D900%26iar%3D0%26w%3D1072&w=3840&q=75){kind=logo}