Capital Gains Tax in Lane's End

Get in touch

Capital Gains Tax Advice in Lane's End

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 Lane's End (Shropshire)

Get in touch

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


Skip to

Gallery

Other locations available for capital gains tax
Emstrey Hallon Westley Old Field Wyke Butlane Head Hortonwood Corfton Bache Stapleton Gadlas Ollerton Cressage Cruckton Stoke on Tern Upton Cressett Birdsgreen Fauls Henley Buttonbridge Chavel Nobold Abdon High Hatton Bryn-y-cochin Ashfield Hope Inwood Summerhill Muckley Cross Morton Common Nantmawr Gore, The Longford Prees Middleton Scriven Arscott Tyn-y-coed Hoptongate Woofferton Dhustone Henlle Stokegorse Newington Eyton Diddlebury Linley Brook Renshaw Wood Brockton Underton Doddington Edgmond Marsh Brookside Webscott Foxwood Spurtree Duxmoor Higher Ridge Knowle Ashbrook Peatonstrand New Works Pentre Coton Shipton Eudon Burnell Aston Sq Weston Heath Brownhill Bratton Papermill Bank Homer Walford Berrington Kingsnordley Gravelhill Ebreywood Berwick Wharf Quatt Weston Rhosygadfa Cleehill Hadley Ryebank Plaish Long Oak Cound Balmer Heath Newcastle Clive Ruewood Cleobury North Astley Stottesdon Castlegreen Tugford Upper Netchwood Ludstone Hamperley Birtley Dawley Stanford Brockton Upper Cound Dudleston Burcote Donnington Lythbank Waterside Yockleton Hodnetheath Conquermoor Heath Weston Aldon Broad Lanes Rhyd-y-cwm Waters Upton Rosehill Weston Weston Lullingfields Ditherington Folley Wroxeter Allscott Kenwick Park Hilton Wern ddu Hopton Cangeford Cardington Goldstone Prescott Lower Faintree Plowden The Hem Rhyn Broome Long Lane Longdon on Tern Little Drayton Little Ness Croesau Bach Bronygarth Cwm Head Stockton Lower Ridge Marchamley Poolhead Dothill Lodgebank Great Bolas Sutton Hall Harnage Knowle Sands Middleton Priors Chirbury Lee Brockhurst Melverley Green Jackfield Ruthall Hope Bowdler Sheriffhales Lee Muckleton Much Wenlock Rudge Heath Halesfield Farden Pave Lane Patton Wrockwardine Morville Heath Oteley Crudgington Porthill Whixall Stoke Heath Cluddley Wattlesborough Heath Hampton Asterton Churchbank Nant-y-gollen Onibury Maesbrook Aston Botterell Stanley Hopton Wafers Stanton upon Hine Heath Saltershill Bromfield Dryton Cleedownton Shipley Besford Atcham Osbaston Upper Aston Wheathill Ternhill Twyford Dudleston Heath (Criftins) Middleton Ford Sutton Hartlebury Harmer Hill Billingsley Uffington Derrington Sambrook Cleestanton Beckjay Lower Ledwyche Wotherton Lady Halton Frankwell Ladyoak Gretton Monkhopton Hints Hungerford Paddolgreen Corfton Norton Steventon Easthopewood Alderton Newton Round Oak Yorton Halfway House Gravelsbank Radlith Wrentnall Bulkeley Hall Farmcote Bagley Anchor Ketley Lower Common Madeley Cold Hatton Colemore Green Chorley Clunbury Brynore Muxton Hampton Beech Colemere Woodhill Milson Habberley Hungryhatton Upper Longwood Middleton Preesgweene Eyton on Severn Blackmore Shackerley Horsebridge Lyneal Mill Longslow Cockshutford Upper Hayton Meadowley Buildwas Bearstone Forton Hopstone Boraston Lilleshall Little London Woodside Yeaton Broughall Maesbury Marsh Donnington Wood Kynaston Sansaw Heath Tilstock Asterley Churchmoor Rough Knockin Heath Pulley Heath Hill Rhiews Culmington Grindley Brook Whitehaven Whitton Preston Upper Forge Ensdon Horton Harley Pitchford Moortown Benthall Upper Dinchope Vron Gate Stocktonwood The Nook Nedge Hill Marton Platt Lane Walcot Alkington Pentirvin Prees Heath Hobbins, The Hopesgate Neen Savage Lower Hopton Munslow Fron Chatford Garmston Alberbury Cleeton St Mary Whittingslow Hordley Leebotwood Burwarton Wollerton Wood Chetton Pontesford Myddle Prees Green Wombridge Broadstone Crickheath Wharf Tedsmore Westoncommon Willey Lower Allscott Reabrook Turleygreen Whettleton Aston Gatacre Park Glazeley Buttonoak Newton on the Hill Presthope Rhydycroesau Linley Balmer Cross Houses Hatton Kinnerley Corner, The Tweedale Heathton Muckley Haston Horsehay Rednal Plasau Grinshill Cardeston Cruckmeole Abbey Green Moreton Say Peaton Hoptonbank Bryn Hollinwood Shakeford Wolverton Pennerley Whitcott Keysett Donington Heath Lanes Montford Llwyn-y-go Danesford Pentre-clawdd Hanwood Bank Weston Rhyn Ladywood Stanlow Styche Hall Cockshutt Hinstock Chelmarsh Tasley Strefford Halford Upper Astley Calverhall Tong Norton Tibberton The Marsh Wettles Morda Brompton Basford Adeney Rorrington Aston Munslow Snittongate Bulthy Westbury Eaton upon Tern Cross Green Preston Brockhurst Stokesay Edge Kinton Catstree Little Ryton Cabin Skyborry Green Woodbank Hollinswood Little Soudley Holdgate Chesterton Hopesay Darley Wem Bromley Hopton Ackleton Merrington Rodington Heath Stanley Green Pixley Steeraway Bishop's Castle Church Pulverbatch Commonwood Withington Pentreheyling Pen-y-wern Mardu Rindleford Bromley Whatmore Hodnet Ellerdine Linleygreen Whittytree Uppington Ladywell Prees Wood Crosslanes Upper Hengoed Plealey Queen's Head Longden Common Perthy Pedlar's Rest Knowbury Lower Down Aston Rogers Crossgreen Stanwardine in the Wood Hope Park Worthen Cheswardine Crickmery Ragdon Ditton Priors Lower Hordley Leaton Daywall Lyde Dovaston Comley Marsh Green Nib Heath Callaughton Telford Caynham Sodylt Bank Old Marton Wagbeach Morton Pentre Nether Skyborry Donnington Little Common Lyneal Bouldon Sandford Sutton Lawley Brandhill Sidbury Kemberton Aston Wixhill Boraston Dale Hallonsford Stockton Felton Butler Norton Burford Wolverley Lydham Overton St Martin's Hill Houses Coalport Greete Coton Hill Brooklands Haygate Westonwharf Wood Lane Hinton Stowe Lea Barkers Green Clungunford Whitcot Pentiken Haybridge Coalbrookdale Bilmarsh Lower Forge Hampton Loade Hope Bagot Badger Belle Vue Lubberland Bayston Hill Harton Newbridge Shrewsbury Woodcote Tarts Hill Obley Eaton Constantine Burwood Wall under Heywood Llanfair Waterdine Cantlop Brandwood Crateford Cornbrook Creamore Bank Wykey Sleapford Prees Higher Heath Wooton Crosemere Town Centre Little Dawley Oldington Ploxgreen Longnor Park Wistanswick Trench Lane's End Forton Heath Northwood Hadnall Bushmoor Rhewl Lighteach Weston Longford Bicton Heath Edgerley Rowley Hollins Lane Stanley Bromdon Pentre-newydd Hollyhurst Causewaywood Long Meadowend Marshbrook Sandford Red Lake Wilcott Marsh Little Wenlock Snedshill Dunnsheath Totterton Shawbirch Chadwell Hawgreen Crowsnest Ellesmere Upper Affcot Felhampton Newtown Elson Aqueduct Brownhills Roughton Lightwood Moston Hopton Castle Sleap Cobscot Ruyton-XI-Towns Edgebolton Hope, The Huntington New Invention Waymills Hollywaste Green, The Norbury Enchmarsh Battlefield Pen-y-coed Cold Hatton Heath Oakengates Great Wytheford Wrockwardine Wood Little Brampton Gobowen Copthorne High Heath Mainstone Rushmoor Stanmore Acton Reynald High Town Sheinton Mickley Little Sutton Mount Pleasant Brockton Knowlegate High Green Bankshead Clun Betton Gledrid Cherrington Neen Sollars Hampton Bank Cefn Einion Barrow Eaton Mascott All Stretton Maesbury Netherton Woodside High Ercall Blists Hill Woolston Clunton Ford Heath Coalmoor Willaston Woolstaston Middlehope Meeson Pontesbury Prees Lower Heath English Frankton Hatton Grange Middleton Baggot Walkmills Etsell Coppicegate Bridges Islington Acton Burnell Edgton Barnsley Stableford Chelmick Walford Heath Ash Magna Booleybank Down, The Upper Treverward Bitterley Kynnersley Coundlane Crackleybank Haybridge Minton Abcott Worfield Lightmoor Redwith Nant y Caws Mardy Grove, The Handless Bache Morville Mytton Sheet Stoneacton Cockshutt Lower Dinchope Leamoor Common Cotwall Wellington Shelve Rodington Milford Betchcott Whittington Butlersbank Childs Ercall Twitchen Brownheath Fenn Green Hillside Spoonleygate Rockgreen Stanton Long Moreton Corbet Lawton Apley Forge Hanwood Stoke St Milborough Knolton Llwyn Upper Wigginton Lushcott Redhill Whitchurch Pipe Gate Pinstones Shelton Alcaston Glan-yr-afon Broad Oak Broncroft Cheney Longville Haughton Newtown Poynton Green Grindle Redhill Ratlinghope Tilley Green Eudon George Posenhall Stanton Lacy Draycott Hobarris Kempton Montford Bridge Grimpo Quabbs Ollerton Lane Condover Broomfields Westhope Woolston Hinwood Wollerton Atterley Great Ryton Walton Church Aston Rowton Acton Pigott Minsterley Dobson's Bridge Brockton Sytch Lane Wigginton Argoed Walkmill Uckington Broome Newtown Tetchill Church Preen Broughton Lockleywood Bettws-y-crwyn Crickheath Moretonwood Bourton Westwood Coundmoor Welshampton Smithies, The Quina Brook Bings Heath Newstreet Lane Nash Llanyblodwel Downton Acton Round Sutton Purlogue Ashford Carbonell Low Town The Waterwheel Edstaston Pant Ketley Bank Elbridge Bromlow Sutton Hill Gravels Chetwynd Aston Harlescott Ironbridge Castle Fields Pentre-coed Dudleston Grove Great Sutton Longville in the Dale Titterhill Foxholes, The Wyken Leaton Eaton Norton in Hales Leath, The Woodlane Kinlet Stockton Churchtown Sascott Babbinswood Batchcott Turfmoor Yorton Heath Poynton Alveley Long Common The Quarry Bagginswood Ashford Bowdler Porth-y-waen Longnor Newport Beambridge Deuxhill Little Stretton St George's Blackoe Myddlewood Highley Llynclys Meadowtown Tong Forge Upper College Crowgreaves Chirk Bank Preston upon the Weald Moors Hardwick Prescott Lipley Ightfield Heath Acton Hartsgreen Leigh Westcott Purslow Pen-y-Bryn Hifnal Hindford Willstone Lower Netchwood Spring Gdns The Wood Crumpsbrook Hadley Castle Rushton Dallicott Mile Oak Valeswood Bicton Stirchley Bicton Lightwood Ridgway Lynn Six Ashes Soudley Hortonlane Woundale Wrickton Weirbrook Sibdon Carwood Albrighton Marchamley Wood Beobridge Ash Parva Madeleywood Ticklerton Yeld, The Rhoswiel Old Woodhouses Meole Brace Easthope Welsh End Tong Hengoed Charlton Doseley Little Lyth Snitton Frodesley Ruckley Brookhampton Argoed Isombridge Craven Arms Puleston Soudley The Common Cleobury Mortimer Gronwen Bourton Tilley Loppington Oldfield Wigmarsh Ball Kingsland Kenwick Pontesbury Hill Sutton Howle The Rock Fitz Blackford Acton Scott Mynd Cherry Orchard Aston on Clun Myndtown Linley Wentnor Grafton Marton Silvington Petton Oaks Nordley Duffryn Walton Claverley Eardington Waterloo Mill Green The Sydnall Seifton Lower Beobridge Priest Weston Llanllwyd Shirlett Oldbury Smethcott Shawbury Rowton Honnington Henley Pant-glas Trefonen Woore Ellerdine Heath Glynmorlas Littlegain Nesscliffe Wall Bank Tilsop Horton Broseley Broadoak Darliston Pickstock Market Drayton Pentre Hodre Shrawardine Lostford Vennington Loughton Coed y go The Wyke Great Ness Shelderton Winnington Green Craignant Bache Mill Picklescott Burley Upper Battlefield Heathcote Wootton Chapel Lawn Cross Lane Head The Nook Lydbury North Great Lyth Church Stretton Hayton's Bent Choulton Betton Strange Spunhill Knockin Admaston Wooton Town Park Lea Ludford Eardiston Wheathall Priors Halton Annscroft Lower Frankton Lowe Romsley Stretton Westwood Cross Houses Bradney Stiperstones Leaton Heath Wernlas East Wall Arleston Woodseaves Shoot Hill Chemistry Priorslee Brockton Brookrow Park Hall Ightfield Little Worthen Old Coppice Farley Pulverbatch Ifton Heath Bomere Heath Bagley Marsh Steel Heath Treflach Ryton Lyneal Wood Cleemarsh Wootton Haughton Shawbank Kingslow The Four Alls Roden Cheswell Rudge Calcott Little Wytheford Oreton Dorrington New Marton Gravel Hole Whiston Cross Angelbank Lilyhurst Hook-a-gate Snailbeach Wern Edgmond Tuckhill Bentlawnt Shorthill Neenton Malehurst Leegomery Nefod Coptiviney Shotatton Hughley Eaton Ale Oak Noneley Clee St Margaret Underdale Duddlewick Bluebell Craig-llwyn Haughton Shifnal Longden Nox More Farley Llawnt Street Dinas Sytch Ho Green Selattyn Hemford Meeson Heath Haughton Dawley Bank Ludlow Oswestry/Croeswallt Astley Abbotts Leighton Morton Mill Lynchgate Stafford Park Bog, The Bolas Heath Kenley The Humbers Bletchley Preston Montford Adderley Medlicott Rockhill Upper Ludstone New Woodhouses Gravenhunger Moss Allscott Cross Colebatch Rushbury Vernolds Common Breaden Heath The Wood Aston Pigott Preeshenlle Ireland's Cross Stoney Stretton Ashfields Bridgnorth Hazler Upton Magna Eyton upon the Weald Moors Burlton Randlay Pentre-cefn Aston Eyre Pentre Newnes Osbaston Lower Hayton Bowling Green Wilcott Norton Cwm St Martin's Moor Three Ashes Malinslee Bucknell Beckbury Newton Stanwardine in the Fields Monkmoor Albrighton Overs Wollaston Hillend Standford Bridge Exfords Green Cotonwood Coreley Grove, The Melverley West Felton Mondaytown Rodway Ponthen Welsh Frankton Stoneylane Greenhill Bank Somerwood Baschurch Bowbrook Old Park Ellerton Mose Pont-Faen Chipnall Preston Gubbals Sutton Maddock Farlow Eyton Gwern y brenin Quatford Radmoor Wistanstow Bedstone Upper Farmcote