Capital Gains Tax Expertise: The Tax Faculty LLP Managing Partner Charles Tateson Named UK Capital Gains Tax Advisor of the Year 2023

The Finance Monthly Taxation Awards recognises the achievements of tax professionals from around the globe.

Winning such an award is no small feat. It is a reflection of hard work, extensive knowledge, and an ability to navigate the intricacies of the UK tax system.

Read more about Charles and the award here.

Tax Troubles? We're here to help

We can solve your Capital Gains Tax problems, with ex-senior expert HMRC inspectors here to help to take the stress away from your tax worries.

We do everything for you, including filing returns and giving advice that may help to reduce the amount of tax that you owe.

Our guarantee to you - You will pay the lowest amount of tax possible, while complying with the law.

Contact us free on 0800 0016 878, email info@thetaxfaculty.co.uk or fill in our handy form and on of our experts will get back to you as soon as possible.

CAPITAL GAINS TAX FOR NON-UK RESIDENTS

Are you a Non-UK Resident looking for advice on Capital Gains Tax on property held in the UK?

Capital Gains Tax ("CGT") can be complex at the best of times. Where someone is selling an asset that is located within the UK, but they themselves live outside of the UK, then there are even more issues that need to be considered.

The good news is that, here at The Tax Faculty LLP, we are experts in helping non-UK residents with their UK based CGT circumstances.

If you live outside of the UK and you have sold, or are thinking of selling, a UK based asset such as a residential or commercial property, then we can help you to make sure that any CGT that you may be liable to pay is reduced to the lowest possible amount - all within the legislation available.

A recent client from Dubai initially contacted us with the expectation of a tax bill of over £200,000 on the sale of their London flat. Once we had taken all of the information and worked through the required CGT computations, the final tax payable was a little over £12,000. Quite a success, all through our experience and expertise in such matters.

To see if we can help you in a similar way, why not contact us for a free consultation? Call us free on 0800 0016 878 or email us at info@thetaxfaculty.co.uk for more information.

Please note, non-UK callers may need to call 0207 101 3845 if your line cannot connect to our 0800 number.

Our Services

Non-UK Resident Capital Gains Tax

We have extensive experience in reducing the Capital Gains Tax due on the sale of UK property and land for non-UK residents.

Capital Gains Tax on Inherited Assets

When you come to sell an asset that was inherited or received as a gift, there may be complex Capital Gains Tax issues to consider.

Capital Gains Tax on Divorce

When assets are split or sold as the result of separation or divorce, there are specific Capital Gains Tax rules that must be considered.

Capital Gains Tax on Gifts

If you give an asset to a family member or friend, there may be Capital Gains Tax consequences. See how we can help you in such a situation.

Capital Gains Tax Reliefs

When selling an asset, there are a number of reliefs available which may reduce, exempt or delay the Capital Gains Tax due.

Capital Gains Tax & Property Issues

With HMRC changing the rules on reporting and paying Capital Gains Tax on residential property, we can help you to get things right.

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"Tax doesn't have to be taxing" - but it often is. We can help to solve even the most complex issues.

Over the last few years, HMRC have changed the rules for reporting Capital Gains and the Capital Gains Tax due as a result of the disposal of residential properties.

Now you must file a Capital Gains Tax Return to HMRC within 60 days of the disposal of the asset, whereas before you would have been able to wait until it was time to file a Self Assessment Tax Return for the tax year in which the disposal was made.

Should you fail to report the disposal to HMRC and pay the Capital Gains Tax due as a result of the disposal within the new 60 day time limit, you may face a financial penalty.

HMRC's own website states that:

"If you sold your property after 6 April 2020 you must report and pay Capital Gains Tax within 60 days of selling property in the UK.

You may have to pay interest and a penalty if you do not report gains on property within the time limit."

Here at The Tax Faculty, our experts are here to help to ensure that you are in a position to report the correct Capital Gain to HMRC and pay the Capital Gains Tax due at the appropriate time.

We offer a full Capital Gains Tax service which includes our full consideration of the reliefs available to reduce the potential Capital Gains Tax to the minimum level possible, while remaining within the letter of the law governing such disposals.

This isn't limited to property transactions either, we also provide a full Capital Gains Tax service on the disposal of shares and other assets.

We have a proven history of reducing the final Capital Gains Tax due for our clients by considering all relevant facts and information provided to ensure that we are in a position to accurately advise on the most cost effective way of reporting the Capital Gain to HMRC.

Contact us today on freephone 0800 0016 878 or info@thetaxfaculty.co.uk to discuss how our experts can help you with any issues relating to Capital Gains Tax.

Please note, non-UK callers may need to call 0207 101 3845 if your line cannot connect to our 0800 number.

Our Promise - Computations in 24 Hours

The Tax Faculty 24 Hour Guarantee

We know that any tax issues are worrying for our clients, that's why we guarantee to provide you with an initial Capital Gains Computation within 24 hours of your providing us with the information that we require.

In addition, we use all our experience and expertise to ensure that you pay as little tax as possible, all while staying within the boundaries of tax law.

Our Managing Partner worked as a Senior Tax Professional within the Capital Gains Tax team in HMRC, giving us an unparalleled level of experience to help our clients reduce their tax bills when they sell property or shares.

HMRC require all disposals of residential property to be reported within 60 days of the sale, so don't delay - call our experts today on 0800 0016 878 or email us at info@thetaxfaculty.co.uk

Contact Us

Contact us today on freephone 0800 0016 878 for a free consultation on all Capital Gains Tax issues, or fill out the handy form below and we'll get back to you as soon as possible.

Alternatively, you can email us at info@thetaxfaculty.co.uk or complete the handy form below.

(Please note, non-UK callers may need to call 0207 101 3845 if your line cannot connect to our 0800 number)

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