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Capital gains tax

We can assist you in ensuring your Capital Gain is reported on time to HMRC.

If you are exploring potential sales of property or any other capital assets you may hold, we can advise on ways of cutting your tax bill.

If you sell a property (and it’s not your main home) you normally have to pay Capital Gains Tax on any gain you make.

These days the taxman only gives you 60 days from the sale date to calculate, report and pay CGT to the taxman. If you don’t hit the deadline, you can get slapped with both penalties and interest!

At Cornfield Accountants we can assist you in ensuring your Capital Gain is reported on time to HMRC.

Latest News

05 Feb 2026

Pubs get 15% business rates relief

Pubs and live music venues in England will be given a 15% discount on their business rates bills from April and will not see increases for two years, the government announced.

05 Feb 2026

Tax timebomb poses existential threat to high streets, government warned

Small businesses such as cafes, shops and hairdressers are facing three years of business rates misery with an average 52% hike in bills, analysis from the Federation of Small Businesses (FSB) has revealed.