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CAPITAL GAINS TAX PAYMENT

CAPITAL GAINS TAX PAYMENT

There are two ways in which to file a Capital Gains Tax (CGT) report; through a self-assessment return completed on an annual basis or by using a service the reports CGT in real time. For a self-assessment report, the capital losses and gains need to be documented, along with asset proceeds and additional information in the case of exemptions or reliefs.

The real time service is very different, and there is no requirement to only use it once the tax year has finished. Here, a copy of your gains is uploaded along with a proof of calculation for the HMRC to evaluate. While the service can make the process quicker, it comes with a number of additional conditions that must be adhered to.

CAPITAL GAINS TAX PAYMENT PLANNING

Getting your self-assessment or real time report right is incredibly important, both to ensure that you are paying the right amount of CGT, and to avoid problems with the HMRC. The time-consuming and in-depth process of organising your CGT payments can be greatly aided by the use of an expert CGT accountant, who can organise and optimise your accounts, and ensure you meet the deadlines. At The Accountancy Solutions, we can help in the following areas of CGT payment planning:

  • Capital Gains Tax Self Assessments
  • Capital Gains Tax Real Time Services
  • Non-resident UK Property Sales
  • Capital Loss and Gain Calculations
  • Asset Proceeds Management
  • Capital Gains Tax Reliefs and Exemptions

Advice for Capital Gains Tax Payment

By using a specialist confidential service to take care of your CGT reports and payments, you can have a peace of mind over the accuracy and quality of your CGT reports, along with assurance that you have had access to all eligible reliefs and exemptions. For more information about the services offered by our CGT accountant team at The Accountancy Solutions, don’t hesitate to contact us.

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