Capital Gains Tax in Redmarley D'Abitot

Get in touch

Capital Gains Tax Advice in Redmarley D'Abitot

At The Tax Advisors, we offer expert Capital Gains Tax (CGT) services to help you navigate the complexities of the tax system.

As professional and affordable tax accountants based in the UK, we ensure you meet your tax obligations efficiently and without stress.

We’ll cover everything you need to know about Capital Gains Tax, including key areas where CGT applies, how it's calculated, and answers to frequently asked questions.

Get in touch

What is Capital Gains Tax?

Capital Gains Tax (CGT) is a tax on the profit you make when you sell or dispose of an asset that has increased in value. It’s crucial to understand that this tax is only charged on the gain—the difference between what you paid for the asset and what you sold it for—rather than the total amount of money received.

Key Areas Where Capital Gains Tax Applies

If you’re a UK resident, you may be liable for Capital Gains Tax when you sell or dispose of certain assets. This includes:

  1. Property: When selling a second home, buy-to-let property, or land that isn’t your primary residence.

  2. Investments: Disposing of shares, bonds, or other financial instruments.

  3. Business Assets: Selling part or all of your business or business assets.

  4. Personal Possessions: Selling valuable items worth over £6,000, such as artwork, antiques, or jewellery.

How is Capital Gains Tax Calculated?

When selling assets, it's essential to understand that this transaction can trigger Capital Gains Tax obligations. To calculate CGT, follow these steps:

  1. Determine the gain: Subtract the original purchase price (including any associated costs) from the selling price (minus selling expenses).

  2. Apply any reliefs or exemptions: Several allowances and reliefs are available, such as the Annual Exempt Amount (£6,000 for individuals in 2023/24) and Private Residence Relief for your main home.

  3. Apply the tax rate: The CGT rate depends on your income tax band—18% or 28% for residential property and 10% or 20% for other assets.

Common FAQs About Capital Gains Tax

1. Who needs to pay Capital Gains Tax?

If you're a UK resident and you sell or dispose of certain assets, you may be liable for CGT. Non-residents may also need to pay CGT on UK property sales.

2. What assets are exempt from CGT?

Assets such as your primary residence, personal cars, and ISAs (Individual Savings Accounts) are typically exempt from CGT.

3. When do I need to report and pay Capital Gains Tax?

You must report CGT in your Self-assessment tax return. For UK property sales, CGT must be reported and paid within 60 days of the sale.

4. Can I reduce my Capital Gains Tax bill?

Yes, through careful planning and by utilising available reliefs such as Entrepreneurs' Relief, Gift Hold-Over Relief, and Private Residence Relief.

How The Tax Advisors Can Help You

The Tax Advisors specialise in providing comprehensive Capital Gains Tax services to ensure you comply with UK tax laws while minimising your liability.

Whether you are selling property, investments, or business assets, we can help you accurately calculate your CGT obligations, ensuring that all possible reliefs and exemptions are applied.

By strategically planning your asset sales, we can help reduce your Capital Gains Tax liability, saving you money in the long run. We also ensure that all CGT obligations are accurately reported, keeping you in good standing with HMRC.

Why Choose The Tax Advisors?

At The Tax Advisors, we are dedicated to providing affordable, high-quality tax advice tailored to your specific needs. Our team offers:

  • Professional Expertise: With years of experience in UK tax law, we are well-equipped to handle your Capital Gains Tax requirements.

  • Affordable Services: We pride ourselves on offering competitive pricing without compromising on the quality of our services.

  • Personalised Advice: We understand that every client's situation is unique, so we tailor our services to meet your individual needs.

Conclusion

Understanding and managing Capital Gains Tax doesn’t have to be complicated.

With The Tax Advisors by your side, you can ensure that your CGT obligations are met efficiently and cost-effectively.

Whether you’re dealing with property, investments, or business assets, we’re here to help you navigate the process and minimise your tax liability.

Get in touch

We cover Redmarley D'Abitot (Gloucestershire)

Get in touch

We aim to get back to you in 1 working day.


Skip to

Gallery

Other locations available for capital gains tax
Wood Stanway Dursley Lower Soudley Ford Parkend Coaley Peak Down Ampney Whittington Holbrook Common Corse Batsford Berry Hill Pinfarthings Great Witcombe Brockworth Kempley Leighterton Kingscourt Acton Turville Foxcote Chapel Hill The Mythe Stow-on-the-Wold Steam Mills Alveston Staple Hill Arlington Wick Rocks Cromhall Common Willsbridge Arlebrook Deerhurst Walton Tetbury Upton Ampney St Mary Upper End Eastleach Martin Lower Swell Hampnett Hewelsfield Common Lower Dowdeswell Bream Hill Tirley Knowle Sladbrook Gorsley Hazleton Withington Okle Green Daneway Dodington Frampton On Severn Over Cashes Green Oakridge Lynch Bream's Meend Little Washbourne Anthony's Cross Tresham Tredworth Dorn Old Down Middleyard Lightpill Churchdown Cadbury Heath Hagloe Draycott English Bicknor Moorend Paradise Wotton Lechlade on Thames Upper Siddington Lintridge Iron Acton Up Hatherley Stantway Charlton Abbots Huntingford Quarhouse Warmley Hudnalls Fyfield Easter Compton Gaunt's Earthcott Forthay Yate Rocks Southrop Charlton Park Hinton Shepherd's Patch The Rocks Bournside Broadrock Ewen Sundayshill Toddington Rooksmoor Netherend Watermoor Teddington Upleadon Court Littleworth Silver Street King's Stanley Lower Oddington Bishop's Cleeve Kilcot Great Washbourne Minsterworth Ashley Reddings, The Ingst Little Herbert's Triangle New Passage Horwood Riding Upper End Nailbridge Leonard Stanley Severn Beach Tytherington Kilkenny Coombs End Elberton Tillers' Green Longborough Upper Oddington Ryeford Oridge Street Rockstowes Kingsditch Duntisbourne Leer Parkend Bowbridge Calmsden Bisley Little Bristol Swineford Stoke Orchard Upton St Leonards Hardwicke Huntley Eastington Horcott Staverton Syreford Yate Old Passage Coalpit Heath Glasshouse Woodmancote Carterspiece Bibstone Pillows Green East End Whaddon Upper Hill Norcote Bridge Yate Westbury-on-Severn Talbot's End Fretherne High Brotheridge Readings Upper Kilcott Fiddington Coln St Aldwyns Upper Dowdeswell Clifford's Mesne Rudford Guiting Power Clements End Sharpness Wyck Rissington Little Sodbury Whaddon Broadwell South Cerney Noverton Upper Soudley Great Barrington Hayden Driffield Bradley Green Olveston Little Shurdington Sunhill Shepperdine Preston Wallow Green Nag's Head Harry Stoke Tickmorend Coombe Stroud Green Bromesberrow Snowshill Minchinhampton Berkeley Road Prior's Norton Painswick Oldbury Naite Claydon Milbury Heath Littleworth Newmarket Haresfield Shurdington Fairview Brimscombe Chipmans Platt Clapton-on-the-Hill Awkley Cribbs Causeway Churchend Tarlton Northington Nettleton Barnwood Wheatenhurst Warden Hill Forthampton Townwell Soundwell Nympsfield Clearwell Southam Westonbirt Stowe Green Bowling Green Bubblewell West End Cleeve Hill Donnington Ashleworth Latteridge Rudgeway Stroat Kingswood Brockhampton Hampton Green Hartpury Upper Morton Ruardean Poulton Burnt Ash Purton Henley Whiteway Preston Upthorpe Whitminster Newton Hatherley Stone Laverton Dunkirk Tormarton Kington Mill End Oldland Common Sapperton Newerne Hillend Green Poole Keynes Littledean Filton Cherington Aldsworth Stowe Longhope Lower Lode Earthcott Green Kineton Hambrook Chalford Coldharbour Thrupp Hampton Fields Stowell Wotton-under-Edge Edgeworth Matson Hill End Hawkesbury Upton Scowles Heathfield Coln St Dennis Kitlye Mill Hill Bread Street Ram Hill Willersey Little Witcombe Brookthorpe Littleton-upon-severn Stonehouse Oldbury-on-Severn Moorend Pilley Blakeney Awre Winchcombe Whitecliff Ablington Shab Hill Coaley Abbeydale The Folly Little Sodbury End Scarr, The Mitcheldean Woolstone Kent's Green Elkstone Siston Common Hamshill Wapley Mayshill Overton Patchway Walton Cardiff Kingscote Northleach Milkwall Stanley Downton Welsh Bicknor Oldcroft Twyning Green Jack's Green Brierley Sezincote Aston Subedge Hethelpit Cross Catbrain Adlestrop Malswick Wibdon Blaisdon Ham Tewkesbury Ganders Green Wick Street Petty France Trow Green Chipping Sodbury Hempsted Lower Rea Brand Green Vinney Green Upper Lydbrook Lower Berry Hill Rockness Wortley Ebley Fromebridge Ellwood Little Haresfield Botloe's Green Cress Green Claypits Moreton Valence Mickleton Cainscross Stanley Pontlarge France Lynch The Scarr Churcham Middle Wick Barton Boughspring Colesbourne Longridge End Chalford Hill Waterlane Cross Hill Tuffley May Hill Village Wallsworth Codrington Windrush Oldbury on the Hill Lower Morton Kingsholm Rodley Five Acres Pucklechurch Breadstone Millend Houndscroft Langley Brookend Hilcot Shortwood Playley Green Lower Hazel Woolaston Common Watley's End Priors Park Whitfield Kemble Wick Grange Village Ampney St Peter Ruspidge Waterend Notgrove Ryeworth Pitchcombe Brockhampton Halmore Bournstream Middle Duntisbourne Sevenhampton Harleywood Longwell Green Stockwell Cold Ashton Burleigh Hook Street Lower Slaughter Sheepscombe Purton Newtown Gossington Rodford Cowley Standish Farmington Damery Hillesley Littledean Hill Puckshole Saul Broadoak Gatwick Sudgrove Alvington Bagendon Newnham Edge End Harnhill Greenway Rangeworthy Cheltenham Quedgeley Pittville Hatherop Upper Cam Doughton Hillersland West End Beverston Rendcomb Hyde Aylburton Common The Pludds Arle St Briavels Common Little London Horsepools Chaceley Blackhorse Collafield Hawcross Kempsford Westend Ham Wanswell Marsh Common Newington Bagpath Highnam Gloucester Mork Bondend Hinton Sedbury Meysey Hampton Mount Hill Bourton-on-the-Water Oxenhall Brain's Green Stoke Gifford Palmer's Flat Selsley Ready Token Bledington Battlescombe Hanham Green Barrow Cinderford Leyhill Badminton Woodchester Blockley Pancakehill Brookend Coney Hill Ruardean Woodside Fairford Elmore Back Falfield Joyford Naunton Sandhurst Joy's Green Baker's Hill Charingworth Elmstone Hardwicke Berwick Condicote Newport Charfield Hill Rowanfield Lyde Green Coln Rogers Dumbleton Eastcombe Battledown The Park Emerson's Green Shadwell St Mark's East Dean Cowhorn Hill Wymans Brook The Flat Siddington Birdlip Newland Taddington Stockend Barton End Engine Common Almondsbury Britain Bottom Poolhill Cranham Harescombe Kings Hill Barton Pound, The Old Sodbury Tortworth Worley Cobb's Cross Ruddle Birdwood Cutsdean Ebrington Warmley Tower Kendleshire Watledge Upper Wick Rockhampton Longlevens Woodhouse Down Yanworth The Leigh Turkdean Avening Thornbury Postlip Taynton Lower Wick Doynton Frampton Cotterell Southend Thames Head The Twittocks St Briavels Culkerton Nibley Fiddler's Green Staunton Little Drybrook Kingshill Redwick Frogland Cross Bridgend Bencombe Rodborough Evenlode Buckover Wickridge Street North Nibley Paxford Westrip Leathern Bottle Salperton Avening Green Etloe Shipton Moyne Uley St Chloe Woolaston Slade Shortwood Upton Cheyney Morton Nashend Whiteshill St Peter's Frampton End Church End Alderley Gretton Uckington Perrott's Brook Broadwell Highfields Podsmead Howley New Town Gretton Fields Whelford Abson Hasfield Ampney Crucis Whiteway Starveall Bullo Aylworth Murrell's End Murrell's End Hawling Newent Dyrham Edge Wick Pillowell Swindon Hester's Way Plump Hill Milton End Shapridge Fossebridge Ruscombe Ninewells Beachley Downend Piff's Elm Calcot Lasborough Ryton Yorkley Slade Aston Magna Bibury Hystfield Shakesfield Cam Twigworth Swanley Fishpool Allaston Coleford The Tynings Ruardean Hill Hilcot End Nimlet Berkeley Heath Watermead Leckhampton Aston on Carrant Frampton Court Buckland Marsh Lane Uplands Bagpath Millend Knightsbridge Rodmarton Forest Green Frenchay Chaxhill Sherborne Didmarton Nupdown Chaceley Stock Badgeworth Randwick Saintbury Tilsdown Ashchurch Berkeley Hallen Coalway Great Rissington Woolridge Tutnalls Parkfield Bamfurlong Bournes Green Draycott Alstone Upper Slaughter Duntisbourne Rouse Far Thrupp Woolaston Woodside Oxenton Bilson Green Heath End High Nash The Quarry Westerleigh Hill Newtown Highfield Box Hidcote Boyce Woodcroft Duckhole Oldland Bevington Newtown Wormington Little Barrington Netherton Shipton Oliffe Moorend Lypiatt Alveston Down Aust Shipton Horton Itchington Cowhill Puckrup Stratton Hardeicke Compton Abdale Christchurch Stowfield Stinchcombe Nuppend Apperley Synwell The Batch Tutshill Crossways Down Hatherley Whitecroft Lower Tuffley Elcombe Church End Eaves, The Wishanger Oldend Bourton-on-the-Hill East End Oakley Tredington Cerney Wick Four Mile Elm Hinchwick The Camp Lower Lydbrook Caudle Green The Fence Fairfields Epney Highnam Green Icomb Didbrook Northwood Green Dunfield Winson Nupend Boulsdon Warmley Hill Cambridge Whiteshill Springbank Barrow Wake Mitton West Littleton Hidcote Bartrim Town Street Hucclecote Eastleach Turville Redmarley D'Abitot Forwood Greet Green Bottom Strand Througham Green Street Mile End Pamington Little Badminton Tirley Chedworth Woolaston Boxbush Lower Chedworth Shipton Solers Ketford Hyde Wickwar Footbridge Slad Nupend Slimbridge Alderton Fields Farleys End Holywell Hailes Chargrove Bromley Heath Deerhurst Frocester Stone Hill Longridge Hewelsfield Elmbridge Brownshill Horsley Westerleigh Upper Swell Alstone Lower Stone Chase Hill Hall End Brimpsfield Churchend Lower End Shortstanding Cockleford Chavenage Green Pope's Hill Aston Cross St Paul's Shuthonger Great Stoke Paganhill Green Street Tumpy Green Syde Ashmead Green Cassey Compton Arlingham Winstone Compton Green Weston-sub-Edge Stanton Ball's Green Twyning Teddington Hands Beach Shorncote Salperton Park Maugersbury Walham Highleadon Tockington Woodmancote Marshfield Barnsley Drybrook Andoversford Four Oaks Natton Linden Stanway Upper Framilode Henfield Baunton Pennsylvania Bulley Lower Lemington Nibley Green Far Oakridge Charlton Kings Golden Valley Sling Park Hill Boxwell North Corner Aylburton Lynworth Staunton Far Green Norman Hill Totteroak Moor End Winterbourne Down Winterbourne Inchbrook Bromesberrow Heath Oakle Street Eastington Innsworth Lydney Marle Hill Downend Bagstone Long Newnton Hallwood Green Cannop Plusterwine Alkerton The Knapp Longney Bishop's Norton Owlpen Upper Rissington Hanham Maisemore Worrall Hill Pilning Harrow Hill Temple Guiting Bentham Upper Coberley Over Charfield Green Coberley Cold Aston Kempley Green Little Rissington Woodbridge Cockadilly Tidenham Todenham Saintbridge Redbrook North Cerney Woodford Coates Moreton-in-Marsh Alderton Colethrop Lowbands Colt's Green Church Westcote Middle Street Dymock Prescott Nastend Quenington Nether Westcote Dudbridge Smallbrook New Cheltenham North Common Siston Bengrove Miserden Longford Lower Meend Pitt Court Hawkesbury Gotherington Picklenash Goose Green Cromhall Cirencester Brockhollands Conham Pullens Green Norton Benhall Bussage Putloe Brown's End Northwick Tetbury Donnington Two Bridges Kenton Green High Woolaston Sandpits Viney Hill Milton End Woodmancote Lansdown Tiltups End Somerford Keynes Bradley Nibley Chedworth Laines The Hacket Frampton Mansell Brimps Hill Broom's Green Castletump Brockweir Homedowns Lower Cam Farmcote Bagpath Seven Springs Bitton Tidenham Chase Lower Hamswell Hampen Amberley Cleeve Ozleworth Stroud New Mills Yorkley Mangotsfield Butterrow Duntisbourne Abbots Kemble Windsoredge Westington Pye Corner King's Green Nailsworth Northway Shaw Common Boddington Elmore The Beeches Kingswood Chipping Campden Dyer's Common Flaxley Leddington Snig's End Daylesford Charfield Little Stoke Chesterton Stumps Cross Broad Campden Woodfield Calcott's Green Prestbury Chaceley Hole Tibberton Compton Greenfield Bradley Stoke Elton Daglingworth Tunley Lower Kilcott Dixton Wyegate Green Dursley Cross Upleadon