Capital Gains Tax
accountants at your service

When you sell an asset that has gone up in value, like property, antiques or a business, you may find that you need to pay Capital Gains Tax (CGT). Planning for this on your own can be tough – at Golding Accountancy, we can help you navigate the complexities of CGT and minimise your tax burden.

HMRC levies Capital Gains Tax on the disposal of any chargeable asset gone up in value by a UK resident individual. The tax is paid on the profit made upon the sale. The rate at which CGT is charged will depend on the individual’s taxable income and the nature of the asset in question. Such assets may include:

Property apart from your home

Business assets such as machinery

Shares apart from those held in a PEP or ISA

Most personal possessions worth more than £‎6,000

Your home, under the following circumstances

It has been let at any point in time
It is being used as your place of business
The land attached to it is significantly large
It hasn’t always been your main place of residence

Why take help for your
Capital Gains Tax planning?

The laws surrounding Capital Gains Tax can be quite complex. As a result, you may end up paying more than they owe. At Golding Accountancy, we have extensive knowledge of CGT and would be happy to help you reduce your tax bill when selling your assets. Things we can help you with include:

Whether your profit from the sale falls within your yearly tax-free allowance (in which case you don’t need to pay CGT)
How you and your spouse/partner can make the most of available allowances
Whether you can dispose of your assets as gifts
How CGT applies to special circumstances

CGT can be complex and often intersects with both personal and business finances. The best way to approach it is to start with a consultation. Get in touch today for the tax advice you never knew you needed!

Save on taxes with the help of our
Capital Gains Tax accountants

Let us craft a personalised plan to reduce or defer your Capital Gains Tax while ensuring you stay compliant with tax and legal regulations. Our CGT experts offer a comprehensive range of services, including:

Frequently Asked Questions
(FAQs)

1. What are the current Capital Gains Tax rates in the UK?

For the 2023/2024 tax year, CGT rates are 10% (18% for residential property) for your entire capital gain if your total annual income is less than £‎50,270 and 20% (28% for residential property) for your entire capital gain if your total annual income is above £‎50,270.

2. How does one avoid Capital Gains Tax in the UK?

There are several ways to avoid paying CGT or reduce the amount you need to pay. For example, if you sell the main home you have lived in throughout and never let out (in whole or part) to anyone, you don’t need to pay CGT. Understanding CGT can be complicated, so we’re happy to do a free initial consultation to see how we can optimise your personal and business finances. To know more, contact Golding Accountancy today!

Why Choose
Golding Accountancy

From the fundamentals to the most complex queries, we’ve got your back on all things accounting and taxation. Our accounting services in the UK are the real deal!

No BS, never

We keep it real and tell it like it is – no fancy jargon or beating around the bush – just honest advice.

Tech-forward, always

We use the latest and best technology, so you know your tax liabilities in advance and can take action asap.

Approachable, always

Need help? Just give us a call! It’s free, and we’re happy to assist with any business struggles.

Vision in mind, always

We don’t rush into anything; instead, we take time for a soothing cup of tea and honest chats with you about your biz. Be steady.

In stress, never?

We’ve got all your bookkeeping, VAT, payroll, Self Assessment, and cash flow needs covered. Delegate the work to us and relax.

The kind of people
We work with

We’ll help anyone who’s excited about their craft, committed to their passion, and interested in getting to the heart of the financial matter. Our USP lies in our ability to provide top level tax advice to business in a wide range of sectors and backgrounds. And we deliver brilliant results.

Landlords

CIS contractors

Ecommerce businesses

Digital content creators

Limited companies

Startups

Small businesses

Sole traders

Driving instructors

Proof we are not
bull*****ing!

“I have used Golding Accountancy for completing my property tax each year.”

I have used Golding Accountancy for several years now to sort out my property tax. Being completely ignorant in this area I have always relied on them to help me through this minefield and explain things along the way. They always take time to answer my questions and I have been more than happy with their service over the years. Particular thanks to Anthony Burrell for his patience!

Christine Petherick

“Best accountants by far”

Ian, Anthony and the rest of the team at Golding are helpful, professional and friendly. The team have completed my self assessment each year swiftly and efficiently without a hitch, they are always on hand to answer questions and provide advice regarding my accounts. Golding has also provided help and assistance when I re-mortgaged (twice) when my mortgage advisor asked me for information I didn’t even understand. Golding Accountancy go the extra mile and I would recommend them 100% for anyone looking for an accountancy firm.

Jim Miller

“#TeamGolding”

I have used Golding Accountants since January 2017 for my Sole Trader accounts & Tax Returns. Initially with Ian Butler and subsequently with Anthony Burrell, both have been extremely professional in their approach.

If I have any queries they are easily accessed by email or more than happy to take time out of their hectic schedule to reassure me.

My Tax Returns come back to me extremely quickly & easily understandable.

I am more than happy to endorse them both.

Sean Whitelamb

“I have been using Golding

for a number of years”

I have been using Golding for a number of years and they have been excellent in all areas. I must mention particularly Anthony Burrell who has guided me through the minefields of taxation like no other. I highly recommend them.

Mr Richard King

Our wide-ranging
tech stack

We work on the top software and applications in the industry, delivering to you the very best possible.

Fancy a cuppa
with us?

Get in touch with Golding Accountancy for guidance on the ins and outs of accounting, taxation and financial management? Let’s hang out and chat about it – it’s on us!