When a person or a company has an asset that isn’t for sale or part of their stock-in-trade, capital gains are made as the value of these capital assets increases.
Trust that Nordens will take care of your capital gains tax reporting and payment, protecting you from any mistakes or unintended overpayments or underpayments. We’ll be there for you every step of the way.
Who has to pay Capital Gains Tax?
Capital Gains Tax or CGT is a tax on the profit when you sell something that you own and it has increased in value compare to the original purchase price. This item/asset will have been owned by you for more than a year.
What items/assets would normally pay CGT on?
• Second proprieties
• Inherited properties
• Shares
• Investments
• The sale of a business
• Assets transferred
How much CGT could I be expected to pay?
This all depends on the tax rate that you pay and the type of item/asset that you are selling.
| CGT on residential property | CGT on other assets | |
|---|---|---|
| Basic-rate taxpayer | 18% | 10% |
| Higher/additional rate taxpayer | 28% | 20% |
The Capital Gains tax-free allowance is:
• £12,300
• £6,150 for trusts
Once this has all been determined, you will need to report this information either through a real-time tax service or in your annual self-assessment tax return.
Our premium service is intended to assist you, the taxpayer, with the preparation, reporting, and submission of your capital gains tax returns. Regardless of the complexity of your CGT issue, our ACCA-certified accounting staff has you covered.
Latest News & Insights
OUR SERVICES
-
Tax
We value that the majority of new customers come to us through recommendations and that they strongly believe we provide an excellent accounting service.
-
Advisory
Our strong, enduring relationships with our clients mean we can concentrate on creating better strategies for their businesses to succeed.
-
Audit & Assurance
Nordens Audit Ltd conducts all audits; these are an in-depth investigation of a firm and are used to determine the state of a corporation.
-
Outsourced Services
Outsourcing is more about relationship building than just about service-level agreements- maintaining a trusted relationship is critical for outsourcing success.
-
Accounting & Advisory
Every business, no matter how large or small, has to make the correct choices, and figuring out how to effectively manage your accounts might raise a lot of questions.
-
Restructuring & Insolvency
Within our professional restructuring and insolvency team we have a plethora of experience in assisting companies, creditors, and individuals' concerns.
Our Testimonials
-
Read more reviews
James Robinson Director - Forma London
Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!
-
Read more reviews
Andrew Martin Managing Director - AMD Interior Architecture
Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.
-
Read more reviews
Simon Cushing Founder - Vivid Finishes
We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.
-
Read more reviews
Peter Horlock Managing Director - Prime Time Boilers
I have been with Nordens for many years now and they are a great accountants.
-
Read more reviews
Tony Charles Founder - Foundation Sports Limited
A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.
-
Read more reviews
Dave Hodges Director - Linekers
Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We ha...
-
Read more reviews
Christopher Wilce Founder - Dataphone
Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also...
-
Read more reviews
James Aconley Principal - Pauline Quirke Academy
Great accountants, always available to offer advice. The team have transformed my business.
-
Read more reviews
Rebecca Bossick Founder & Director - Physio LDN
Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.
-
Read more reviews
Simon Rose Director - Rose Opticians
I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation
-
Read more reviews
Jamie Brown Co-Founder - Chicmi Limited
Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.
-
Read more reviews
Chris Dyer Director - Metro Bank
Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.
