Capital Gains Tax and property tax
For landlords and investors who want the tax position understood before they sign anything.
Property tax has changed considerably. Finance cost relief is restricted to a basic rate credit, disposals of residential property must be reported and paid within 60 days, and the choice between personal and company ownership now has long term consequences.
We advise landlords with one property and portfolios with thirty, alongside investors selling second homes, land and shares.
The rules landlords need to know
Mortgage interest on residential lets is no longer a deduction against profit for individuals. It gives a basic rate tax credit instead, which pushed many landlords into higher rate. Repairs remain deductible; improvements do not, but they may reduce a future gain. Replacement of domestic items relief covers like-for-like furnishing replacements.
On sale, the gain is proceeds less cost, purchase and sale costs and capital improvements, then reliefs and the annual exempt amount. UK residential disposals need a CGT return and payment within 60 days of completion, separate from your Self Assessment return.
- Personal ownership versus a limited company, modelled on your actual figures
- Stamp Duty surcharge and the cost of transferring existing property
- Joint ownership and spouse transfers to use both allowances
- Private Residence Relief where a property was once your home
- Inheritance Tax exposure across a growing portfolio
Our process
How this works with us
- Step 01
Position review
We map what you own, how it is held and what the current tax cost is.
- Step 02
Options
We model the realistic alternatives, including doing nothing.
- Step 03
Implementation
Filings, elections and returns handled to the correct deadlines.
- Step 04
Ongoing
Annual review as the portfolio and the rules change.
Questions
Frequently asked
Often taken alongside
Talk to an accountant who understands your business
A 20-minute call, no charge and no obligation. We will look at where you are, what HMRC expects next and what a sensible fixed fee looks like.