Capital Gains Tax Return

Capital Gains Tax Return Accountants in Somerton

Straightforward Capital Gains Tax Return support in Somerton with clear fixed fees and no hidden costs.
4.9/5
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1 fee
Agreed upfront
100%
Filed on time

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What did you sell?

Pick your asset and see what applies.

Whether you have sold a second home, shares, a business, or a valuable personal possession, the rules for a Capital Gains Tax Return can differ significantly. Select the asset type that fits your situation and our Somerton accountants will explain exactly what applies to you, what records you need, and how the gain is calculated.

Selling a second home or buy-to-let

Gains on residential property that is not your main home are taxed at 18% or 24%. If the sale completed, you usually have 60 days to report it and pay the tax, so speed matters.

Key facts

Selling shares, funds or investments

Shares and funds held outside an ISA or pension can trigger a gain when sold. We apply the same-day, 30-day and Section 104 pooling rules so your cost base is right.

Key facts

Selling, swapping or spending crypto

Every disposal of crypto, including swaps between coins and spending, can create a gain. We rebuild your transaction history across exchanges and wallets into a record HMRC accepts.

Key facts

Selling a business or company shares

Selling your business or your shares in a company can be your biggest tax event. We check whether Business Asset Disposal Relief applies and plan the figures before you file.

Key facts
How it works

From sale to filed, without the stress.

We guide you through the entire Capital Gains Tax Return process, from gathering completion statements and purchase records to submitting the return accurately and on time. Our Somerton accountants keep you informed at every stage, so you always know what is happening and what is needed next.
1

Tell us what you sold

Complete the short quote form or book a call. Share the asset, the sale date and roughly what you paid.

2

We calculate your gain

An accountant works out the gain, applies costs, allowances and reliefs, and tells you exactly what you owe.

3

We file and confirm

We submit your return or 60-day report to HMRC, send you the confirmation and explain how to pay.

What you'll need to hand

Missing something? Don’t worry. We’ll help you track it down.

Worked example

See how a gain becomes a tax bill.

We break down the numbers clearly, showing how sale proceeds, allowable costs, improvements, and reliefs interact to produce your taxable gain. Our Somerton accountants then apply the correct rates and allowances so you can see exactly how your Capital Gains Tax Return figure has been reached.
Sale price
£320,000
Purchase price and allowable costs
− £240,000
Chargeable gain
£80,000
Annual exempt amount
− £3,000
Taxable gain at 24%
£77,000
Capital Gains Tax due
£18,480
Reliefs & allowances

Legitimate ways to reduce your bill.

There are several lawful reliefs and allowances that can reduce the tax due on a Capital Gains Tax Return, including private residence relief, business asset disposal relief, and annual exempt amounts where they apply. Our Somerton accountants review your circumstances carefully and make sure every eligible relief is claimed correctly.
01

Annual exempt amount

The first slice of your gains each tax year is tax-free. We make sure it is used.

02

Private Residence Relief

If the property was ever your main home, part or all of the gain may be exempt.

03

Business Asset Disposal Relief

Selling all or part of a qualifying business can attract a lower rate of tax.

04

Spouse transfers

Assets passed between spouses or civil partners usually create no gain or loss, which opens planning options.

05

Loss relief

Losses on other disposals can be set against gains now or carried forward for later years.

06

Allowable costs

Legal fees, stamp duty, agent fees and improvement costs all reduce your taxable gain.

Client feedback

Trusted by Investors and Landlords Across the UK

See what clients say about our affordable, reliable and HMRC-compliant Capital Gains Tax return service.

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Sofia
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I had a really positive experience with Muhammad. He was incredibly quick to action everything and made the whole process straightforward and stress-free. He took care of everything promptly and kept me informed throughout, which was greatly appreciated. Muhammad was professional, responsive and genuinely helpful from start to finish. It was clear that he cared about providing a great service and making sure everything was handled properly. I would definitely recommend him to anyone looking for someone reliable, efficient and professional.
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Zest For Life
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I worked with Accotx on a HMRC reclaim and overall, they did ultimately deliver on their promise, which I appreciate. The process did take longer than any of us expected, partly due to external delays with the tax authorities, and partly because there were some hiccups in communication and follow-up. However, despite those challenges, they stayed professional and stuck to the original agreed terms. If you’re considering using them, be prepared to stay in regular contact to keep things moving along. They are absolutely capable, have the expertise and willing to work with you, and overall improving their services over time. I would certainly return for any future needs.
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Pete Wrist profile picture
Pete Wrist
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Sterling work. Many thanks to Muhammad and the team for all their help and expertise
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Hansen Personal Training
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We have been a client for years - very quick responsive and personalised service
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Jamie Fletcher
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It was a pleasure working with Anum on our accounts. The whole process was swift and effortless, and it was one less thing to worry about. I'd highly recommend them.
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Mansur Liman
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Accotax have been our accountants for many years now. We maintained them, because of their professionalism. In the last coiple of years, i have working with Imran, who has been very professional and helpful in guiding us through the whole process explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow. I really enjoy working with him. Thank you
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Muna Mohamoud
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I highly recommend Imran to anyone looking for a reliable and knowledgeable accountant. He helped me sort out a very complicated backlog of accounts and prepared my overdue tax returns with professionalism and attention to detail. Throughout the process, he was incredibly patient, took the time to answer all of my questions, and explained everything clearly. He guided me through each step and helped rectify issues that had built up over time, making what felt like an overwhelming situation much more manageable. I'm very pleased with the service I've received and truly appreciate his support. If you need help with your accounts or taxes, I would highly recommend Imran.
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Sergey M
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I had a positive experience with Accotax. The work was completed promptly, my tax return was successfully filed, and I received a refund of overpaid tax. I found the cooperation efficient and helpful. Special thanks to Muhammad Saifullah for his assistance.
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Ebba Qureshi profile picture
Ebba Qureshi
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Fabulous team at ACCOTAX - very efficient and good response time . Honest and professional with their work. I would highly recommend them even if you’re a young start up - or a large business they have it covered .
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Mael Leboucher
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We worked with a few different accountants before finally settling with Accotax, and we’re really glad we did. Their team is great. Abdul is responsive and easy to reach whenever I have a question, which makes a big difference. They take the time to understand how our business works and what our needs are. They are very knowledgeable, and when they don’t have the answer straight away, they take the time to look into it and get back to us quickly. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing. She is professional, efficient, and follows the processes we have put in place together. She's also very quickin getting back to us whenever needed. We’re very happy to work with her and hope to continue doing so for as long as possible. Overall, Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.
Why choose us

Doing it yourself versus letting us handle it.

Filing a Capital Gains Tax Return yourself can work for very simple disposals, but the rules quickly become complex when reliefs, part-disposals, or multiple assets are involved. Our Somerton accountants take the uncertainty away, check the figures thoroughly, and deal with HMRC on your behalf so you avoid costly mistakes.

On your own

With Cheap Tax Returns

Common mistakes

What catches people out.

Common pitfalls include missing the 60-day reporting deadline for residential property, forgetting to include enhancement costs, and misunderstanding which reliefs apply. Our Somerton accountants spot these issues early and make sure your Capital Gains Tax Return is complete, accurate, and submitted on time.

Missing the 60-day deadline

The clock starts at completion, not when you receive the money. Late reports can lead to penalties and interest.

Ignoring crypto-to-crypto swaps

Swapping one coin for another counts as a disposal, even if you never moved money into a bank account.

Forgetting allowable costs

Fees, stamp duty and improvement costs are often left out, which inflates your gain and your tax bill.

Not reporting losses

Losses must be reported to HMRC to be used later. Unreported losses can’t be carried forward.

Common questions

Capital Gains Tax Return FAQs

Answers to the questions people ask us most about Capital Gains Tax and reporting disposals to HMRC.

Our service covers a full review of your disposal, calculation of the gain or loss, identification of eligible reliefs and allowances, preparation and submission of the Capital Gains Tax Return, and direct communication with HMRC where needed. We also keep clear records and explain every figure so you understand exactly what has been filed.

It is suitable for individuals, landlords, investors, and business owners in Somerton who have sold or disposed of assets such as property, shares, or business interests. Whether your situation is straightforward or involves multiple disposals and complex reliefs, our accountants tailor the service to your needs.

We use fixed, transparent packages so you know the cost before we begin, with no hidden fees or surprise charges. The exact fee depends on the complexity of your disposal and the work involved, and we confirm everything in writing upfront so you can proceed with confidence.

Yes, our accountants are properly qualified and regulated, and we stay current with HMRC rules and reporting requirements. We apply professional standards to every Capital Gains Tax Return, which means your filing is accurate, compliant, and supported by a team you can trust.

Simply get in touch to arrange an initial conversation about your disposal and we will explain what information we need and how the process works. From there, we confirm the scope and fixed fee in writing, then handle your Capital Gains Tax Return from start to finish.

Yes, we can help you regularise an overdue Capital Gains Tax Return, calculate any tax due, and communicate with HMRC on your behalf. Our Somerton accountants will explain the position clearly and work to resolve the matter as smoothly as possible.

Yes, we regularly prepare and submit Capital Gains Tax Returns for residential property sales, including the 60-day reporting requirement that applies to UK residential property. We gather the completion statement and cost records, calculate the gain, and file on time to help you avoid penalties.

Ready to report your capital gains?

Get in touch with our Somerton accountants for a clear, fixed-fee conversation about your Capital Gains Tax Return. We will explain what is needed, handle the calculations and filing, and keep you updated until your return is submitted.