Sizer & Co Accountants
 CAPITAL GAINS
If you sell or dispose of a property that is not your main home and it's value has increased since you acquired it you may have to pay Capital Gains Tax. Some of your property costs can be deducted when working out your taxable gain so you will need a record of:
  • when you bought or acquired it
  • when you sold or disposed of it
  • the purchase and sale price
  • any buying and selling costs, like Stamp Duty and legal fees
  • improvement costs and dates

You may qualify for other reliefs or allowances depending on how long you have owned the property and if it was ever your main home.

If the property was used for a furnished holiday letting business there are special Capital Gains Tax reliefs.

Unless you have a detailed knowledge of the associated rules we would suggest that you let us handle this for you as the area of capital gains is a complex issue.

Contact us today for a free, no obligation, competitive quote.

There are no hidden costs, what we quote is what you pay, you will be given a FIXED FEE for a professional service tailored to your personal requirements.


                                                                                                                                                                                                                              
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