Exeter Capital Gains Tax Services

Capital gains tax is a specialist and complex area of tax, so it is important to engage the services of a chartered accountant who specialises in capital gains tax to advise you on it. If you are based in Exeter or Devon, our dedicated Exeter capital gains tax specialists are on hand to provide local, expert support.

Most property (other than cash in sterling) is an asset for capital gains tax purposes. If you are unsure if an asset you have sold is chargeable, please get in touch to arrange a free, no-obligation meeting with one of our capital gains tax specialists. Understanding which assets fall within the scope of capital gains tax and which are specifically exempt can be difficult to navigate without professional guidance. For a more detailed breakdown, read our blog about “Capital gains: A guide to chargeable gains“

Experienced Accounting Advisors

Our accounting advisors have a wide range of experience in a number of areas, including:

Property

Land (including agricultural)

Chattels

Both share and asset business sales

The above is not an exhaustive list & if you believe you may have a capital gain to declare, we can help you with accounts preparation.
With recent changes to capital gains tax rates and annual exemptions, it is more important than ever to seek specialist advice before disposing of an asset to ensure you are making the most tax-efficient decisions.

Specialist Capital Gains Tax Support

As part of our service, you will be allocated a specialist capital gains tax advisor who will provide information and support throughout the whole process. We have put a number of steps in place to ensure the best and most timely advice is provided:

Step 1 “ You will initially have a free, no-obligation meeting with your capital gains tax specialist, either face-to-face or remotely. They will go through your situation and any possible tax planning points that may be available to you. They will also provide a proposal which will include a fixed fee so you have absolute certainty on the fee you will be charged for our services.

Step 2 “ If you are happy with the proposal, we will get in touch with a couple of documents for you to sign. We will also deal with the following if relevant to your capital gain:

Register you with HMRC.
If you are selling a residential property, we will provide a step-by-step guide of the process involved with the 60-day capital gain reporting requirement, including how to register with HMRC and the information we require.
If applicable to your capital gain, we will let you know of any tax planning opportunities open to you and the process of what needs to be implemented to ensure we reduce the capital gains tax payable.
Correspond with HMRC on your behalf concerning any queries they have on the capital gain.
Your capital gains tax advisor will also provide you with a detailed list of the information they require to prepare your return.

Step 3 “ We will prepare your tax return and other reports if required which will be sent to you for approval. We provide all clients with a clear summary of the following when sending out the reports: