Capital Gains Tax - MC Accounting and Business Solutions

Capital Gains Tax

Capital Gains Tax

Capital Gains Tax (CGT) is a tax on the profit – or gain – you make when selling an asset. The most commonly sold assets are rental properties and shares.

Given the current economic climate, many individuals are liquidating rental properties or even properties they once rented, requiring the completion of a capital gains return. As with most taxes, there are numerous rules and regulations to navigate. Why not alleviate the stress and let us handle the return on your behalf?


Property sales in the UK trigger the requirement to report and settle any Capital Gains Tax liabilities within 60 days of the property's sale, this came into effect on sales after October 27, 2021.

To accurately complete the Capital Gains on UK Property declaration, the following information is required:


You might be liable for Capital Gains Tax if you make a profit upon selling or disposing of shares or other investments.

Shares and investments you may need to pay tax on include:

It’s important to note that CGT is not applicable when you dispose of:

Get Expert Financial Guidance with
MC Accounting and Business Solutions

Let us know how we can help.