Reporting and Paying

Capital Gains Tax rates changed partway through the 2024 to 2025 tax year, on 30 October 2024. If you sold assets on or after that date, HMRC's Self Assessment system will not automatically calculate your tax at the correct rates. This article explains how to work out the adju...

4 min read

How you report Capital Gains Tax to HMRC depends on what type of asset you've sold. If you've sold UK residential property, you must use the special Capital Gains Tax property reporting service and report within 60 days. For other assets like shares or business assets, you can...

5 min read

When you own an asset that has become worthless, you don't need to sell it to claim a capital loss for tax purposes. A negligible value claim allows you to crystallise a loss on an asset that has become worth almost nothing while you've owned it, which you can use to reduce yo...

4 min read

If you've sold an asset and made a profit, it's important to understand when you need to pay Capital Gains Tax to avoid penalties. The deadline depends on what you've sold: property sales have a strict 60-day reporting and payment deadline, while gains from other assets are re...

4 min read