Capital gains on property in Exeter
The short answer
CGT calculation and 60-day return
- Price from
- £250.00
- Time on site
- N/A (Accountant's office)
What you get
Expert calculation of Capital Gains Tax on your property sale, including all allowances and reliefs, and assistance with the 60-day HMRC reporting.
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When do you need a Capital gains on property?
You will need professional advice if you sell a property that is not your main residence. Expert help ensures you follow the law and do not pay too much.
- When selling a buy to let property
- If you sell a holiday home
- When you sell inherited buildings
- If you lived elsewhere for a while
- When you used the home for business
- If you live outside the UK
What happens on the day
Your tax expert will review all your paperwork to find the most accurate profit figure. They will look at what you paid and what you earned to calculate the tax fairly.
- They check your original purchase price
- They record the final sale price
- All buying and selling fees are noted
- Improvement costs are added to help you
- They apply your tax free allowance
- They submit the official report online
How to prepare
- Find the original purchase price details
- Keep records of estate agent fees
- Save all solicitor and legal receipts
- List dates you lived in the property
- Gather receipts for major building works
- Note any Stamp Duty you paid
- Find your National Insurance number
- Check for any previous capital losses
How to improve your result
- Keep invoices for all new extensions
- Save receipts for new central heating
- Record costs for structural home changes
- Use your full annual tax allowance
- Offset losses from other sold assets
- Track all selling and marketing costs
- Speak to experts before completion day
Why it is useful day to day
Getting professional help saves you from expensive mistakes and late fines from the tax office. It gives you peace of mind that your profit is handled correctly and legally.
- You avoid heavy late payment fines
- Experts find all possible tax savings
- The 60 day reporting is handled
- You get help with complex maths
- Your records stay neat and tidy
- You know exactly what you owe
Why we ask these questions
An accountant will answer tricky questions about how to lower your tax bill safely. They explain which costs count as improvements and how to handle shared ownership.
- How to use your annual allowance
- Which legal fees you can deduct
- How to claim for major extensions
- What happens with joint owners
- How to report losses on shares
- Why the 60 day deadline matters
Frequently asked questions
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