MTD for Capital Gains Tax
Did you know that if you are selling a residential property - that is not your main home - that you have to report any Capital Gain to HMRC - and pay any tax due - within 30 days of exchanging contracts.
We can help with:
calculating the gain ensuring all relief's are claimed
helping you create a MTD for CGT account with HMRC; and
report the gain the gain to HMRC.
Contact us for more information.
Have you been investing in Cryptocurrencies?
Profit made on Cryptocurrencies are taxable under Capital Gains Tax and net gains (after losses) made during the year ended 5th April 2021 - if above £12,300 - have to be reported to HMRC under Self-Assessment by 31st January 2022.
Not registered for Self-Assessment? You need to register by 5th October 2022 to avoid a penalty and file a Tax Return by 31st January 2022.
Contact us if you require any assistance - or advice - in reporting your Cryptocurrency gains.