Capital Gains Tax
Careful calculations for disposals and transfers
Clear advice and reporting support when property, investments or other chargeable assets are sold, gifted or transferred.
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Timing, evidence and history all matter.
Capital Gains Tax calculations often depend on events and expenditure spanning many years. Sat Tax identifies the relevant acquisition history, disposal details, costs, losses and potential reliefs so the resulting position can be supported and reported appropriately.
How we can help
Support from calculation to reporting
Gain calculations
Calculation of disposal proceeds, allowable costs, losses and the resulting chargeable gain or loss.
UK property reporting
Support considering and completing time-sensitive UK property disposal reporting where required.
Self Assessment reporting
Preparation of relevant Capital Gains Tax pages, disclosures and supporting explanations within a tax return.
Reliefs and ownership history
Consideration of relevant ownership periods, private residence matters, gifts, transfers and other factual complications.
Typical circumstances
Circumstances that may need review
A residential or investment property has been sold and the reporting deadline is approaching.
Shares, funds or other investments have been disposed of through several transactions.
An asset was gifted or transferred for less than market value.
Historic improvements, losses or periods of occupation may affect the calculation.
Our approach
A clear and controlled process
Understand the position
We identify the asset, acquisition and disposal events, ownership history, connected parties and applicable filing deadlines.
Review and prepare
Available evidence is reviewed and the gain or loss is calculated using the appropriate rules and assumptions.
Explain and complete
The calculation, uncertainties and reporting route are explained before any agreed return or submission is completed.
Information that may be needed
Good information supports a defensible result.
The strongest calculations are supported by contemporaneous documents. Where historic evidence is incomplete, the available alternatives and limitations must be considered carefully.
- Purchase and disposal documents
- Professional fees and transaction costs
- Evidence of capital improvements
- Share or investment transaction histories
- Prior losses and relevant tax-return extracts
- Valuations, gift details and ownership records where applicable