Capital Gains Tax Advice With Clarity, Accuracy and Forward Planning
Professional Capital Gains Tax advice and reporting for individuals, landlords, investors, company shareholders, business owners, trustees and non-UK residents.
We calculate your taxable gain, identify available reliefs and allowable costs, manage the relevant HMRC reporting and help you understand the tax consequences before or after disposing of an asset.
Tax Is Normally Charged on the Gain, Not the Sale Proceeds
Capital Gains Tax may arise when you sell, gift, transfer, exchange or otherwise dispose of an asset that has increased in value. The calculation can involve acquisition costs, improvement expenditure, disposal costs, capital losses, exemptions and statutory reliefs.
Helping You Protect Your Position and Meet Your HMRC Obligations
Capital Gains Tax can be more complex than simply deducting an asset’s original purchase price from its selling price. The tax treatment may depend on the type of asset, how it was acquired, how it was used, your residence position and the timing and structure of the disposal.
At Odiri Tax Consultants & Accountants, we review the complete history of the asset and your wider tax circumstances. This enables us to calculate the gain accurately, identify relevant reliefs and determine the appropriate reporting route.
- Accurate calculation of gains and allowable losses
- Review of purchase, improvement and disposal costs
- Consideration of exemptions and statutory reliefs
- Advice on the timing and structure of disposals
- Preparation of property disposal reports and tax returns
- Professional communication with HMRC where authorised
Comprehensive CGT Advice, Calculation and Reporting
We support clients at every stage of a disposal, from pre-transaction planning and tax estimates to formal reporting, disclosure and HMRC correspondence.
Residential Property Disposals
Calculation and reporting of gains arising from buy-to-let properties, second homes, inherited property and former main residences.
Private Residence Relief
Detailed review of property occupation, ownership, periods of absence, letting and business use to determine whether full or partial relief may be available.
UK Property Disposal Reporting
Preparation and submission of the relevant UK property disposal report, calculation of the estimated tax and guidance on the applicable payment requirements.
Shares and Investments
Capital Gains Tax calculations for listed and unlisted shares, investment portfolios, employee shares and disposals involving multiple acquisitions.
Business and Company Sales
Tax advice for business owners selling all or part of a business, disposing of company shares or planning an exit, succession or management buyout.
Business Asset Disposal Relief
Review of the qualifying conditions and preparation of appropriate claims where Business Asset Disposal Relief may apply to a disposal.
Cryptoasset Gains and Losses
Tax calculations and reporting for cryptocurrency and other cryptoasset transactions, including disposals, exchanges, losses and negligible value claims.
Overseas Assets
UK Capital Gains Tax advice for disposals of overseas property, foreign investments and other assets held outside the United Kingdom.
Non-Resident Capital Gains Tax
Advice and reporting for non-UK residents disposing of UK land, property or other assets within the scope of UK Capital Gains Tax.
Gifts and Family Transfers
Advice on the Capital Gains Tax consequences of gifting or transferring property, shares or business assets to relatives, trusts or other connected parties.
Capital Loss Claims
Review and reporting of capital losses, including the use of current-year and brought-forward losses against chargeable gains.
HMRC Enquiries and Disclosures
Professional support where a disposal was omitted, reported incorrectly or is subject to an HMRC enquiry, compliance check or disclosure requirement.
Disposals That May Require Capital Gains Tax Advice
A disposal is not limited to an outright sale. A gift, transfer, exchange, compensation payment or change in ownership may also have Capital Gains Tax consequences.
Buy-to-Let Property
Sales of residential investment and rental properties.
Second Homes
Holiday homes, additional residences and former homes.
Inherited Assets
Property, shares and investments acquired through an estate.
Shares and Securities
Listed shares, unlisted shares and investment portfolios.
Business Interests
Sole-trader businesses, partnerships and company shares.
Cryptoassets
Cryptocurrency sales, exchanges, gifts and other disposals.
Land and Development Sites
Disposals of land, development property and building plots.
Personal Possessions
Valuable artwork, antiques, jewellery and other assets.
Do Not Wait Until Your Annual Tax Return to Seek Advice
A separate Capital Gains Tax reporting and payment obligation may arise when a UK residential property is disposed of. It is therefore important to seek advice promptly after completion—or preferably before the transaction takes place.
Delayed reporting can result in penalties and interest. Early advice also provides time to collect valuation evidence, legal statements, improvement invoices and other documents needed to calculate the gain accurately.
Plan Before You Sell, Gift or Transfer an Asset
The opportunity to improve the tax position is often greater before a transaction becomes legally binding. We provide tailored advice based on your assets, objectives and wider tax circumstances.
Timing of Disposals
Consideration of the tax year, available exemptions, expected income and other disposals when deciding when to complete a transaction.
Reliefs and Exemptions
Review of the statutory reliefs and exemptions that may reduce, defer or eliminate part of a chargeable gain.
Allowable Costs
Identification of qualifying acquisition, disposal and capital improvement expenditure supported by appropriate records.
Use of Capital Losses
Review of realised, unclaimed and brought-forward losses that may be available to offset against taxable gains.
Family and Spousal Planning
Advice on transfers between spouses or civil partners and the implications of gifts to children, relatives or trusts.
Reinvestment and Deferral
Consideration of reliefs that may defer a gain where proceeds are reinvested or qualifying business assets are replaced.
Detailed Capital Gains Tax Advice Built Around Your Transaction
Capital Gains Tax calculations often require more than a purchase price and selling price. Historic ownership, valuations, improvement expenditure, periods of occupation, previous elections, losses and available reliefs may all affect the final tax position.
We apply a structured review process to establish the relevant facts, identify supporting evidence and prepare a calculation that can be clearly explained and appropriately reported to HMRC.
Contact Our Capital Gains Tax TeamA Clear and Structured Capital Gains Tax Service
We establish the facts, calculate the gain, consider the available reliefs and complete the appropriate reporting after obtaining your approval.
Initial Transaction Review
Tell us about the asset, how and when it was acquired, the proposed or completed disposal and your tax circumstances.
Scope and Quotation
We identify the work required and provide a clear quotation together with a tailored information request.
Calculation and Review
We calculate the gain, review allowable costs, losses, exemptions and reliefs, and explain the resulting tax position.
Approval and Reporting
You receive the calculation and relevant return or report for approval before submission to HMRC.
Records Needed to Calculate a Capital Gain
The precise information required depends on the asset and the circumstances of the disposal. Typical records may include the following.
Acquisition Documents
Purchase contracts, completion statements, probate documents, gift records or historic valuations.
Disposal Documents
Sale contracts, completion statements, legal invoices and estate or brokerage fees.
Improvement Expenditure
Invoices and evidence for qualifying capital improvements made during the ownership period.
Ownership History
Dates of ownership, ownership percentages, transfers, gifts and changes in legal or beneficial ownership.
Property Occupation
Dates of residence, letting periods, absences, business use and evidence relating to the use of the property.
Previous Losses and Returns
Details of capital losses, previous claims, elections and relevant Self Assessment tax returns.
Capital Gains Tax Questions
What is Capital Gains Tax?
Capital Gains Tax is generally charged on the taxable gain arising when an individual disposes of an asset that has increased in value. It is normally the gain rather than the total amount received that is considered for tax purposes.
What counts as a disposal?
A disposal can include selling an asset, gifting it, transferring it to another person, exchanging it for another asset or receiving compensation when an asset is lost or destroyed. The tax treatment depends on the facts and the relationship between the parties.
Do I pay Capital Gains Tax when I sell my home?
A gain on your only or main residence may qualify for Private Residence Relief. Full relief is not automatic in every case. The position may be affected by periods of absence, letting, business use, the size of the grounds or ownership of more than one residence.
Do I need to report the sale of a UK residential property quickly?
A separate reporting and payment deadline may apply where Capital Gains Tax is due on a UK residential property disposal. You should therefore seek advice promptly rather than waiting until the annual Self Assessment tax return is prepared.
Can improvement costs reduce my taxable gain?
Certain capital improvement costs may be deductible if the expenditure satisfies the relevant conditions and is supported by suitable records. Ordinary repairs, maintenance and costs already deducted against income are generally treated differently.
Can I use losses against my capital gains?
Allowable capital losses may be available to offset against chargeable gains, subject to the applicable rules, reporting requirements and time limits. We can review current-year and previous losses as part of the calculation.
Does gifting an asset avoid Capital Gains Tax?
Not necessarily. A gift may be treated as a disposal at market value, particularly where the asset is transferred to a connected person. Specific reliefs or exemptions may apply depending on the recipient and the type of asset.
Can you calculate the tax before I sell?
Yes. We can prepare an estimated Capital Gains Tax calculation before completion. This can help you understand the likely tax liability, consider available planning opportunities and budget for the payment.
Can you correct a gain that was not previously reported?
Yes. The appropriate action will depend on the date of the disposal, the return filed and the circumstances leading to the omission. We can review the position and advise on an amendment or disclosure to HMRC.
Do you work with clients throughout the UK?
Yes. We support clients across the United Kingdom and overseas using telephone and video meetings, secure document sharing and digital tax services.
Planning to Sell, Gift or Transfer Property, Shares or Another Asset?
Contact Odiri Tax Consultants & Accountants for clear, accurate and practical Capital Gains Tax advice. We will review your transaction, explain the likely tax treatment and provide a transparent quotation for the work required.
