Property and Capital Gains Tax
Understand the tax behind your property income and asset sales.
Whether you let a property or are planning to sell an asset, the tax position can depend on ownership, costs, timing and your wider circumstances.
KC Accountants helps you organise the relevant information, understand the calculation and complete the reporting required.
Landlord and rental income support
We help individuals and property businesses report rental income and review relevant expenses.
Support can include:
• Preparing rental income and expense schedules
• Reporting property income on your tax return
• Reviewing jointly owned property income
• Considering the treatment of repairs, improvements and finance costs
• Reviewing relevant property allowances and reliefs
• Accounting support for property companies
• Guidance on record keeping and Making Tax Digital
The treatment of a cost can differ depending on the ownership structure and circumstances. We review the details before including it in a calculation.
Capital Gains Tax support
We can help calculate and report gains on property, shares and other chargeable assets.
We review acquisition and disposal information, relevant costs, available losses and potential reliefs. Where possible, contact us before a transaction so there is time to consider the position.
Selling a property
Property disposals can have reporting deadlines that fall before your annual tax return is due. Contact us early, ideally before completion, so we can check whether separate reporting is required.
How it works
We discuss the property or transaction, agree the scope and request supporting documents. We then prepare the calculation, explain the outcome and obtain your approval for the agreed reporting.
What you may need
Rental statements, expense records, ownership details, purchase and sale completion statements, legal fees, improvement invoices and investment transaction histories.
Fees
We quote separately for rental returns, disposal calculations and any additional reporting. The number of properties, assets and transactions will affect the work required.
Common questions
Can you help with one rental property?
Yes. We support landlords with individual properties as well as larger portfolios.
Can you review shares sold through an investment platform?
Yes. We will need transaction records, including acquisition costs and relevant earlier holdings.
Can I wait until my annual return to tell you about a sale?
Please contact us promptly. A separate reporting deadline may apply.
Do you provide overseas tax planning?
No. Our service focuses on UK tax matters. If another jurisdiction is involved, we will discuss the scope and whether specialist input is needed.
Talk through your property or disposal
Book a consultation or send us an outline of your enquiry.
For your reference: HMRC requires reporting and payment of CGT due on UK residential property within 60 days of completion. The page avoids quoting a universal deadline because circumstances differ.