Capital Gains Tax Returns

Capital Gains Tax Returns.

Capital Gains Tax Reporting

Capital gains is payable on the sale of an asset, this could be the sale of a business, the sale of shares or the sale of a property that is not your main home. Capital gains are usually reported on a self-assessment tax return with the exception of the new reporting requirements for the sale of a residential property that is not your main home, which has to be reported within 60 days of completion. Many taxpayers have been caught out by this change and face penalties for failure to report. We can assist with the following matters regarding Capital Gains: 

• Preparation and submission of residential property gains within 60 day period
• Capital gains planning for those with residential property portfolios
• Other capital gains planning 
• Review of available capital gains reliefs
• Exit planning for owner manager businesses