Who needs to declare Capital Gains Tax?

CGT, which is short for Capital Gains Tax, is a tax that is charged on gains arising on “chargeable persons” making a “chargeable disposal” of “chargeable assets”.   First, let’s deal with what a “chargeable person” is.   A “chargeable person” could be either an individual or a company.   This blog is going to cover disposals by individuals, please keep an eye out for a follow-up blog covering disposals by companies.   Individuals…Read More

HMRC account set up for Capital Gains Tax

We will talk you through how to set up your HMRC account, so you are ready to submit your capital gains liability to HMRC. There have been some changes to the rules since 6th April 2020- individuals who are due to pay capital gains tax on UK residential property disposals have 30 days after the…Read More

Charles Lyell

Never call an accountant a credit to his profession; a good accountant is a debit to his profession.

Charles Lyell