Capital Gains Tax Accountants in Coventry
CGT Retrun Filling — online or local appointments
Get a quick quote for your Coventry Capital Gains Tax work. Tell us what you sold and the completion date, and we’ll confirm what we need and the fee, then agree a simple timeline for reporting.
- Same working day reply in most cases
- Fixed fee options for straightforward property sales
- Secure upload and HMRC reporting after approval
Request a Capital Gains Tax quote
Tax Accountant Coventry • Tax advisor near you • Online filing available
Capital Gains Tax (CGT) Accountant in Coventry
Clear CGT calculation with a clear fee — online appointments
Need help with Capital Gains Tax in Coventry? We calculate the gain, check allowable costs, and apply reliefs and losses where available. If you sold UK residential property, we can prepare the UK property CGT report and guide you on the 60-day deadline, then include the disposal in your Self Assessment return where required. Coventry clients often work with us fully online (secure upload + phone/Zoom), with local appointments available when needed in areas like Earlsdon, Tile Hill and Binley.
- Fixed-fee options for straightforward work
- Online or local appointments
- Clear checklist and timeline after the call
Get your Coventry Capital Gains Tax sorted — without the stress
Tell us what you sold, the completion date (for property), and any costs you paid, and we’ll come back to you (usually the same working day). We’ll confirm what documents we need, explain what we will do, and give you a fixed fee or clear quote before we start. If you sold UK residential property and there is CGT to report, HMRC normally requires a CGT on UK property report and payment within 60 days of completion (for completions on or after 27 October 2021). If you already file Self Assessment, the disposal may also need to be included on your tax return — we handle both.
In 24 Hours We Can
- We prepare and file UK tax returns (Self Assessment and more) for Coventry clients.
- Work with us online (secure upload + phone/Zoom) or meet locally where needed.
- Fixed-fee options for straightforward returns; clear quotes for complex cases.
- Help with landlord tax, VAT/MTD, company/director tax, CGT and foreign income reporting.
- Support with HMRC letters and enquiries — we explain what’s needed and respond correctly.
Best for:
Anyone searching for a tax accountant in Coventry who wants clear fees, fast answers, and confidence the job is done properly.
What you’ll get:
A simple document checklist, a confirmed fee before we start, and a clear “prepare → approve → file” process with a realistic timeline.
Tax services in Coventry
Choose what you need help with — we’ll confirm the documents required, give you a clear fee, and get it filed correctly.
Self Assessment Tax Returns
Employees, directors, contractors and side-income returns — prepared, checked and filed with a clear checklist.
Landlord & Property Tax
Rental accounts, allowable expenses, property schedules and support for single lets or portfolios.
Limited Company & Director
Director Self Assessment, dividend planning basics, and company tax support for OMB.
VAT & Making Tax Digital
VAT registration, VAT returns and MTD support — plus help fixing errors and answering VAT queries.
CIS Tax Returns & Refunds
CIS deductions, allowable expenses, refunds and correct reporting for subcontractors in construction.
Payroll & PAYE Support
PAYE checks, tax code issues, benefits-in-kind basics, and help correcting under/overpayments.
Capital Gains Tax (CGT)
Property sales and disposals — we calculate the gain, reliefs, and prepare the UK CGT reporting.
Foreign Income & Expats
Overseas dividends, interest, employment income and foreign tax credit reported correctly in tax return.
HMRC Letters, Enquiries
HMRC letters and checks — we review, explain what HMRC needs, and help you respond.
Who we help
Individuals and businesses — from straightforward returns to more complex multi-income situations. If you want clear fees, fast answers and correct filings, we can support you online or locally in Coventry.
Individuals
- Employees with side income
- Contractors and freelancers
- Landlords & Investors
- Directors and shareholders
- High earners with multiple income
Business Types
- Sole traders and startups
- Limited companies & OMB
- E-commerce sellers
- Trades and Gig workers
- Professional services
Sectors
- Construction and trades
- Logistics and transport
- Retail and e-commerce
- IT and consulting
- Healthcare Sector
Coventry coverage (and nearby)
We support clients across Coventry including Earlsdon, Tile Hill, Canley, Binley, Stoke, Foleshill, Radford, Coundon, Allesley and Whitley. We also cover nearby areas such as Kenilworth, Warwick, Leamington Spa, Rugby, Nuneaton and Bedworth. If you searched for “tax accountant near me”, “tax advisor Coventry” or “tax consultant near me”, we can help fully online (secure upload + phone/Zoom) or locally by arrangement.
Our Fees (always clear and upfront)
We confirm your fee before we start. Straightforward work (like a basic Self Assessment return) can often be handled on a fixed-fee basis. If your situation is more complex — for example multiple income streams, property portfolios, foreign income, VAT/MTD, or an HMRC letter/enquiry — we’ll give you a clear quote after a quick scope call, so you know the cost and timeline upfront.
How it works
A simple process: quick scope → checklist → prepare → approve → file. Most Coventry clients work with us fully online, with local appointments available when needed.
Quick call or form
Start here — we’ll tell you the fee before we begin.
Checklist & secure upload
Prefer not to call? Get a fast estimate first.
Prepare → approve → file
Got an HMRC letter or deadline? Flag it and we’ll prioritise
Tax Calculators
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Commonly Asked Questions
Quick answers to common questions about using a tax accountant in Coventry.
How do I know if I legally need to pay Capital Gains Tax in the UK?
Capital Gains Tax (CGT) becomes legally chargeable when you dispose of a chargeable asset and make a gain that exceeds the annual CGT allowance for that tax year. HMRC defines a “disposal” very broadly. It is not limited to selling an asset for cash; it also includes gifting assets, transferring ownership, exchanging assets, or receiving compensation for them.
Many taxpayers incorrectly assume CGT only applies to property sales. In practice, CGT can arise from selling shares, cryptoassets, business assets, land, or second homes. The obligation exists regardless of whether HMRC contacts you — the responsibility to identify and report the gain rests entirely with the taxpayer.
CGT is not deducted automatically, and HMRC does not calculate it for you. You must correctly calculate the gain, apply allowable costs, reliefs, and allowances, and report it within the required time limits. Failure to recognise a CGT obligation can result in late filing penalties, interest, and additional scrutiny.
Professional CGT review ensures that a disposal has been correctly identified and that you are complying with HMRC rules before penalties arise.
What assets are most commonly subject to Capital Gains Tax?
HMRC charges CGT on gains arising from the disposal of chargeable assets. The most common assets that trigger CGT include buy-to-let property, second homes, inherited property, shares held outside ISAs, business assets, land, and cryptoassets.
Certain assets are exempt, such as your main residence (subject to strict Private Residence Relief conditions), ISAs, and some government bonds. However, exemptions are frequently misunderstood. For example, a property may lose full main residence relief if it was rented out, used for business, or not occupied for the entire ownership period.
CGT calculations also depend heavily on identifying allowable costs, including purchase price, legal fees, stamp duty, and qualifying improvement costs. Many taxpayers overpay CGT simply because they do not include all allowable deductions or misunderstand what HMRC permits.
A professional CGT service ensures assets are classified correctly, exemptions are applied properly, and calculations align with HMRC guidance — reducing both tax liability and future compliance risk.
How does HMRC calculate Capital Gains Tax on property sales?
For property disposals, HMRC calculates CGT by taking the sale proceeds and deducting the original acquisition cost plus allowable expenses. These expenses can include stamp duty, legal fees, survey costs, and capital improvements that add value or extend the property’s life.
Crucially, HMRC distinguishes between repairs and improvements. Repairs are generally not deductible against CGT, while improvements often are. This distinction is one of the most common causes of incorrect CGT calculations and subsequent HMRC challenges.
Residential property is subject to different CGT rates than other assets, and since April 2020, most UK residential property disposals must be reported and paid within 60 days of completion, regardless of whether you also complete a Self Assessment return later.
Professional CGT preparation ensures the gain is calculated accurately, reliefs such as Private Residence Relief are applied correctly, and reporting deadlines are met.
Do I need to report Capital Gains Tax if no tax is actually payable?
Yes, in many situations HMRC still requires reporting even if no CGT is payable. This is a critical point many taxpayers get wrong. Reporting obligations and payment obligations are separate under HMRC rules.
For example, if you dispose of UK residential property, you may be required to submit a 60-day CGT return even if your gain is fully covered by the annual allowance or offset by losses. Failure to report can still result in penalties, despite no tax being due.
Similarly, disposals reported through Self Assessment must still be declared if the disposal exceeds reporting thresholds, even where the final CGT liability is nil.
Professional CGT services ensure that reporting requirements are met correctly, preventing penalties caused purely by procedural non-compliance rather than unpaid tax.
What happens if I miss the 60-day Capital Gains Tax reporting deadline?
Missing the 60-day CGT reporting deadline triggers automatic penalties and interest under HMRC rules. These penalties apply even if you later submit the return and pay the tax owed.
HMRC does not accept lack of awareness as a valid excuse. Many taxpayers only become aware of the 60-day rule after completion, which can result in immediate penalty exposure. In some cases, penalties can be appealed if there is a genuine reasonable excuse, but this depends on evidence and timing.
Professional CGT handling ensures deadlines are identified early, the correct reporting method is used, and any penalty exposure is managed proactively rather than reactively.
How can an accountant legally reduce my Capital Gains Tax bill?
Legal CGT reduction is achieved through correct application of HMRC rules, not avoidance schemes. This includes ensuring all allowable costs are claimed, reliefs are applied correctly, and disposals are structured efficiently.
Common methods include using the annual CGT allowance effectively, offsetting capital losses, applying Private Residence Relief accurately, and timing disposals across tax years where appropriate. Many taxpayers overpay CGT simply because they calculate gains too simplistically.
A professional accountant ensures that CGT is calculated precisely, reliefs are supported by evidence, and the final liability reflects what HMRC actually requires — no more and no less.
How does HMRC treat Capital Gains Tax on inherited property or assets?
Inherited assets are treated differently from purchased assets for CGT purposes. The base cost for CGT is the market value at the date of death, not the original purchase price paid by the deceased.
CGT only arises when the inherited asset is later disposed of, not at the point of inheritance. However, incorrect valuation, missing probate figures, or misunderstanding this rule frequently leads to errors.
Professional CGT services ensure inherited assets are valued correctly, gains are calculated accurately, and reporting aligns with HMRC expectations, avoiding both overpayment and compliance risk.
Who is responsible if HMRC challenges my Capital Gains Tax calculation?
Under UK tax law, the taxpayer is always legally responsible for the accuracy of a CGT return, even if software, AI tools, or third parties prepared the calculation. HMRC does not accept “software error” as a defence.
If HMRC challenges a CGT return, they will expect you to justify valuations, costs, and reliefs. Professional involvement provides expert judgement, documentation, and structured responses that significantly reduce escalation risk.
This accountability is a key reason why taxpayers with complex disposals choose accountant-led CGT services.
How far back can HMRC investigate Capital Gains Tax errors?
HMRC’s investigation window depends on behaviour. Innocent errors can be investigated up to four years, careless errors up to six years, and deliberate behaviour up to twenty years.
This long look-back period means CGT accuracy is not just about the current transaction but about long-term exposure. Professional CGT preparation focuses on defensibility, ensuring calculations can withstand scrutiny years later.
When should I use a Capital Gains Tax accountant instead of doing it myself?
Professional CGT support becomes essential when disposals involve property, inheritance, joint ownership, reliefs, or strict reporting deadlines. In these cases, errors can be costly and difficult to unwind.
For most taxpayers, the cost of professional CGT advice is significantly lower than the cost of penalties, overpaid tax, or HMRC disputes. This is why many clients choose accountant-led CGT services once their transactions are no longer straightforward.
Contact your Coventry Tax Accountant
Use the detailed form for an accurate quote, or call/email for urgent deadlines. If you have an HMRC letter, include the deadline date so we can prioritise.
Call / email
- Phone: +448001357323
- Email: info@taxaccountant.co.uk
- Coverage: Coventry & West Midlands
- We confirm scope and fee.
- You receive a tailored checklist.
- You upload documents securely.
- We prepare → you approve → we file.