Service Detail
Navigate Capital Gains with Confidence
Capital Gains Tax (CGT) doesn’t have to be overwhelming. Whether you’re selling a
second home, disposing of business assets, or transferring shares, Hartrose
Associates is here to help you navigate the complexities with confidence.
When CGT Applies
Wondering if CGT is relevant to you? Here’s when you might need to report and pay CGT:
Residential Properties
Selling or gifting a second home or buy-to-let property? CGT applies to profits above your tax-free allowance.
Company Shares
Disposing of shares, even in private companies, can trigger CGT, especially if profits exceed thresholds.
Business Equipment or Assets
Selling business assets like machinery, vehicles, or goodwill may result in CGT if gains are realised.
Artwork, Jewellery or Collectables
Valuable items such as art, antiques, or gold may be taxed when sold at a gain above £6,000.
How We Help
What Hartrose can do for you
Tax Planning Ahead of Disposal
Structure your asset sales to reduce CGT liability before it’s due.
Applying Reliefs & Allowances
Entrepreneurs’ Relief, Private Residence Relief, and more
Full Reporting & Compliance
We handle the 60-day property CGT reporting and your full self-assessment.
Long-Term Planning
Capital Gains Tax is not just about what you’ve gained today, it’s about what you keep
tomorrow.
Planning early can make a major difference. By discussing future asset sales,
retirement plans, or business exits with our advisors, we can build strategies that
reduce CGT liability in the long run.
Without Planning
Pay more tax than necessary
With Hartrose Planning
Keep more of what you’ve earned
Our FAQs
Frequently Asked Questions
Capital Gains Tax rules can be complex, but you don’t have to figure it out alone. Our advisors are here to explain, assist, and ensure your reporting is stress-free and fully compliant.
Yes, sometimes. If you give away assets (except to your spouse or civil partner), you may still be liable for CGT based on market value,even without receiving any money.
It’s the profit you make. Subtract the amount you originally paid (plus any allowable costs like legal fees or improvements) from the amount you sold it for.
£3,000 for individuals (as of 2024/25). You only pay tax on gains above this threshold, but it can change each tax year.
It depends on your income and the asset. Basic rate taxpayers usually pay 10% (or 18% on residential property); higher rate taxpayers pay 20% (or 24% on property).
Within 60 days for UK residential property. For other assets, it’s included in your Self Assessment due the following January.
