Capital Gains Tax in Cadnam

Get in touch

Capital Gains Tax Advice in Cadnam

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 Cadnam (Hampshire)

Get in touch

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


Skip to

Gallery

Other locations available for capital gains tax
Hatchet Green Steventon Clayhall South End Great Shoddesden Wimble Hill Pound Street Brambridge Nursted Harbridge Green Furze Hill Dean Worting Old Milton Marchwood Vernham Street Northbrook Beech Swelling Hill Heath Green Selborne Thornhill Park Stratfield Saye Hatch Sparsholt Empshott Outwick Quarley Deadwater Lower Turmer Wonston Little Posbrook Mottisfont Anna Valley Standon Standford Church End North Oakley Anthill Common Binstead Hiltingbury Stamshaw Tye Langley Shedfield Greatham Blacknest Bassett Street End West Ham Frogmore Dry Hill Wivelrod Hangersley Newtown Woolton Hill Hartley Wintney Mapledurwell Warsash Brighton Hill Stanmore Ashansworth Bickton East Tisted Newtown Winklebury Braishfield Merry Oak Fratton Hill Brow Durley Heath End West Meon Woodlands Fawley Pheonix Green Lasham Bramshott Houghton Applemore Blackhill Goose Green Bitterne Fleetend Horndean Northam Hartley Wespall Upton Grey Racedown Bunstead Sarisbury Beckley Swanwick Southsea Newtown Ropley Dipley Gilbert Street Abbotts Ann Batt's Corner Catherington Woodcott Port Solent Shortheath Bradley Twyford Nob's Crook Denvilles Sydmonton Little Shoddesden Wallington Bishop's Sutton Soldridge Denmead Cadnam Burghclere Common Frogmore Dora's Green Sherfield English Pound Green Andwell Buckland Binley Old Portsmouth West End Boarhunt Waterford Sopley The Frenches Houndmills Woodmancott Hilsea West Common Mill Green Itchen Stoke Ovington Broadmere Tunworth South Baddesley Petersfield Overton Ropley Soke Wickham Boyatt Wood Criddlestyle Cricket Hill Hurstbourne Tarrant Bidden Selsmore Fair Oak Bramshaw Boorley Green Portsea Cowplain Knapp Fulflood Fleetlands Hale Woolston Kingsmead King's Somborne Funtley Chidden North Street Popley Blashford Newfound Hillstreet Upham Ampfield Dibden Beaulieu Shirley Charlton Burley Street Redenham Hatherden North End Black Dam Penton Grafton Shootash Hightown Middle Wallop Cheriton Silkstead Sholing Common Meon Cufaude Pardown Gosport Steep Langdown New Cheriton Pamber Green Everton Alverstoke Hazeley Bottom Ragged Appleshaw Green, The Water End Lane End Andover Kingsley Mengham Laverstoke Townhill Park Lower Slackstead Browninghill Green Pilley Soberton Bowyer's Common Farnborough Street Penwood Holybourne Maybush Broad Oak North Street North Stoneham Broughton Bordon Waltham Chase Forton Bull Hill The Dene Soake Pucknall South Farnborough Calmore South Warnborough East Green Abbotstone Cuckoo's Corner Dummer Three Ashes Weyhill Old Burghclere Drayton Well Middleton Kingston Holt End Langstone Axford Botley Tot Hill Lymore Moorgreen West End Green Flood Street Pooksgreen Ower Lower Farringdon Ashlett Rowner Newtown Headley Eversley Centre Lindford Oakshott Oakridge Hurstbourne Priors Battramsley Cross Stoke Charity Allbrook Appleshaw Hounsdown Faccombe Longstock Woodcot Tichborne Titchfield Kingsclere Cupernham Hook Warren Corner Rockbourne Murrell Green Griggs Green Weston Patrick Amport Coombe South Weirs Old Shirley Hill Side Ashley Critchell's Green Hartfordbridge Thorney Hill Bridgemary East Stratton Chilbolton Knowle Farlington Rockford Havant Bowling Green Tidpit Fryern Hill Highbury Compton End Sandleheath East Meon Winchfield Upper Bullington East Wellow South Down Wheat Hold South Ham Ogdens Shawford Ratlake Lower Common West Tytherley Montgomery Lines Whitenap Mockbeggar Balmerlawn Warnford Crowdhill Whitsbury Inhurst Hoe Gate Bramshill London Minstead Bashley Park Peel Common Penton Corner Hensting Fox Lane Chilworth Old Village Ibworth Keyhaven Northney Red Hill Fleet Netley Hightown Newbridge Timsbury Bramley Spearywell Beauworth West Wellow Compton Ashford Meonstoke Harefield Shorley Pitt Bucks Horn Oak Vernham Bank Ripley Exbury Hursley Bucklers Hard Soberton Heath Corhampton Bar End Droxford Wymering Stoner Hill Micheldever Upper Wootton Newton Stacey Foxdown Stroud Old Basing Bailey Green Barford Peartree Green Golden Hill West End Weston Corbett Hocombe Sheet Wellow Wood Glebe Whitehall Carter's Clay Bagmore Millbrook Winnall Gable Head Blissford Warren Corner Lordswood Copythorne Upper Shirley Frenchmoor Fair Oak West Town Ramsdell Ann's Hill Butlocks Heath Shirley Chilworth Newton Valence Fisher's Pond Catisfield East Boldre Little Somborne Pilley Bailey Lower Pennington Bentworth Waterlooville Pamber End Chineham West Leigh Shirley holms Sladen Green Chandlers Green Headbourne Worthy Bowling Alley North Gorley Woodhouse Titchfield Park Awbridge Privett North End Kitwood Sleaford Brown Heath Hannington Rye Common Fleet Warnborough Green Froxfield Green West Liss Ellisfield Ibthorpe North Kingston Lockerley King's Furlong Nutley East Anton Tadley Upper Ratley Chilcomb Lyndhurst Lord's Hill Lepe Monxton Ashe East Oakley Breamore Bursledon Eastrop Heath End Little Holbury Hollywater East Dean Foulford Buriton Bransbury Hollington Old Netley Rake Shobley Easton Baughurst Redbridge Hamble-le-Rice Ocean Village Lee Grateley Pennington Bank Lee-on-the-Solent Eversley Frithend Little Ann Plaitford Green Nether Wallop Fareham Up Nately Godshill Bedhampton Shalden Green Highfield East End Tiptoe Bisterne St Cross Linwood Upper Farringdon South Hayling Ringwood Worlds End South Town Hattingley New Town Bishopstoke Hambledon Picket Piece Lower Ratley Lowford Nately Scures Mullenspond Broad Layings Liphook Morestead Headley Fordingbridge Stonyford Heathfield Toothill Hazeley Lea Paulsgrove St Austins Somers Town Durrants Rafborough Rowlands Castle Plaitford Ellingham Damerham North Town Furzley Frogham Silchester Hook Park East Tytherley Stonymarsh Wilsom Blackfield Baybridge Ridge Boldre Weston Common Vernham Dean Swampton Pylehill Holt Up Somborne Vernham Row Gobley Hole Locks Heath Bighton North Weirs Pondtail Stockheath Hordle Upper Swanmore Emsworth West End Lower Bullington Michelmersh Liss Forest Dibden Purlieu Lymington Golden Pot Lower Swanwick Pikeshill Dunley Empshott Green Hillyfields Odiham West Tisted Chilton Candover Aldershot Finchdean Martin Drove End Hardley Lower Common Goodworth Clatford Farleigh Wallop Northfields Wildhern Upper Clatford Southrope Hill Top Testwood Lower Buckland Lynch Andover Down Netherton Custards Wittensford Stoke Flexford Hyde Totford Emery Down Stoke Common Crampmoor Ashmansworth West Green Broadgate Kings Worthy Knights Enham Wecock Hawkley Midanbury Hollington Cross West Down The Mount Durns Town Rushington Elson Lovedean Milford on Sea Hill Head Stony Batter Bell Hill Blendworth No Man's Land Salters Heath Upper Froyle Wadwick Woodley Woodlands Bossington Newtown Tapnage Popham Fyfield Wimpson Isington Neatham Holt Pound Weeke Ham Green Ewshot Fair Oak Green Southampton Alton Monk Sherborne Northington Butt's Green Hardway Romsey Sandy Down Cosham Eastoke Preston Candover Furzedown Kingsclere Woodlands Brock's Green Barton on Sea Burridge Ashley Hill Park Longparish Brook Lower Upham Sandford Upper Slackstead West Heath Stubbington Littledown Hound Brown Candover Litchfield Faberstown Winslade Whitway Wildern North Ripley Tufton Linkenholt Kingston Westfield Causeway Bentley Hampton Park Setley Portmore Crux Easton Hatchet Gate Stratfield Turgis Minstead Gore End Furzey Lodge Kimpton Tilly Down Rotherwick New Brighton Hazeley Sherfield on Loddon Egypt Farnborough Park Oakley Stony Heath North End Townsend Rake Common Quidhampton Sherborne St John Wolverton Common Cliddesden Buckskin Tote Hill Park Gate Rownhams Upper Canterton Kempshott Turkey Island Clanfield Hook Swarraton East Martin Hawthorn Landport Segensworth Charlwood East Liss Yateley Highclere North End Blackwater Heckfield Shalden North Houghton North Baddesley Grayshott Ball Hill Langrish Whitchurch South Wonston Headley Down Red Rice Newtown Mead End Eling Lower Bordean Bitterne Park Latchmere Green Wyck Ropley Dean Tipner Passfield Little London Weston Nutburn Hearn East End Ladwell Curbridge Cranbourne Burghclere Couch Green Potbridge Hatch Warren Upper Common Walton Heath Calshot Crondall Hythe East Worldham Darby Green Steep Marsh Whiteley Lower Brook West Worldham Weston Colley Valley Park East Cholderton Owslebury Brook Stoney Cross Four Marks St Mary Bourne East Aston Rotten Green Curdridge Belbins Powntley Copse Avington Bartley Forest Gate Barton Stacey Row Ash Waterditch Chalton Woodgreen Clayhill Prince's Marsh Bucket Corner High Cross Burley Lawn Godwinscroft Pamber Heath West Stratton Colemore Filmore Hill Brockhampton Durley Street Woodington Church Oakley Lee Ground Hillside Whitehill Shirrell Heath Walhampton Farnborough Greywell Totton Lower Daggons Tangley Mattingley North Camp Netley Marsh Otterwood Wootton St Lawrence Clatford Oakcuts Goose Hill Buttsash Wheatley Eversley Cross Plastow Green Newtown Charter Alley Earlstone Common Hartley Mauditt The Straits Newnham Shirley Warren Hound Green Wootton Lyde Green Upton Nursling Burgates Mead End Basingstoke Anchorage Park Norleywood Hatt Hill Eastland Gate Aldermoor Brook Hill Little London Neacroft Winchester Bramley Green Court Corner Blackdown Church Crookham Deane Turgis Green Forton Bleak Hill Hunton Baffins Halterworth Turmer Lower Froyle Shipton Bellinger Rushmere Gosport Abshot Crookham Village Leckford Stoke Hinton Conford Wildmoor North Warnborough Egbury Ecchinswell Foxhills Eastney Purbrook Titchfield Common Moortown Sleepers Hill Horsebridge Burley Copnor Southwick Wigley Freefolk West Heath Ashford Hill Daneshill Newtown Littleton Old Alresford Poulner Eastleigh Dundridge Chilbolton Down Birchy Hill Harbridge Crawley Harestock Over Wallop Bassett Green Compton Burley Beacon Nashes Green Widley Lower Wield St Denys Kents Oak Northbrook Blackmoor Southington Newgrounds St Giles's Hill West Meon Ramsdean Linford Hedge End North Waltham Upper Street Sutton Scotney Holbury Martyr Worthy Portsea Island Wintershill Bramdean Hillpound Hoe Hawley Lane Leagreen Dogmersfield Furzeley Corner Portswood Southwood Upton Cottonworth Bisterne Close Axmansford Mortimer West End Canada Dunbridge Upper Burgate Sholing Long Sutton Portsmouth Crockerhill Highbridge Chawton Bashley Battramsley Hawley Warblington Ashurst Bridge Woodside Ibsley Weston Kimbridge Palestine Stockbridge Downton Frostlane Heather Row East Woodhay Medstead Ashton Brockenhurst Cove Horton Heath Fritham Colt Hill Upper Enham Causeway Highwood Ashfield Martin Avon Up Green Swanmore Chandler's Ford Exton South View Privett Fullerton Otterbourne Ashurst Herriard Stuckton Haughurst Hill Picket Hill Brockbridge Cole Henley North Charford Winsor Smannell Netley Hill Spanish Green Itchen Milton Anmore Penton Mewsey Clarken Green North Poulner Bransgore Lane End Mill Lane Oliver's Battery Crow Bramley Corner Leigh Park Newtown Arford Bishop's Waltham North Boarhunt Hatch Bottom Ossemsley The Butts Hinton Ampner Thornhill Kilmeston Long Park Lower Burgate North Hayling Dean Oakhanger Long Common Freemantle Thruxton Colden Common Clanville Upper Wield Winchfield Hurst Cold Ash Hill South Gorley Abbots Worthy Portchester The Mint Farnborough Green New Alresford Gundleton Liss Hyde Itchen Abbas Sway Church Common Brockhurst Stonehills Ridge Common Broadoak East End Wherwell Coxford Enham Alamein Swaythling New Milton Hammer Bottom Lynch Hill Hazeley Heath Monkwood