How could Balanced Accounting help you?
Property Transactions and CGT
Property Transactions & Capital Gains Tax (CGT)
Property transactions and Capital Gains Tax (CGT) computations
When dealing with property transactions, Capital Gains Tax (CGT) can be very complicated to understand and account for. In this specialist area, well informed advice and forward planning can help you to enjoy the maximum financial benefit from your property-related activities.
We can advise on many aspects of property-related taxes, just some of which include:
- How rental property owners can reduce their tax liabilities;
- Tax deductions for expenses incurred on rental properties;
- Trading income versus Capital Gains;
- Capital Gains rollover and holdover;
- VAT implications for property-related transactions;
- Principal Private Residence elections and related reliefs;
- Second and additional homes;
- Rent a Room scheme tax relief;
- Tax benefits relating to furnished holiday lettings;
- How buy-to-let properties are taxed.
We can provide you with Capital Gains Tax calculations before any transactions actually take place, so that you’re fully aware in advance of any potential tax liabilities. We can also advise you how property disposals might be most helpfully timed in the context of your individual circumstances. As and when any transactions are completed, we can update the calculations as appropriate for inclusion in your Tax Return.
What some past and present clients have had to say
Hazel has the right balance of professionalism and approachability, coupled with first-rate accountancy expertise and advice. Queries are dealt with quickly and efficiently, and she is always on the end of the telephone to talk through any questions we may have. I can confidently recommend Hazel and Balanced Accounting to anyone looking for an accountancy firm that has your best interests at heart.Victoria Usher / GingerMay PR
Looking back at how Hazel has managed our accounts since 2010, it is hard to imagine how we managed before without her pro-active and unquestionably professional guidance. Whilst always coming across as friendly and approachable on a day-to-day basis, Hazel / Balanced Accounting provides efficient expertise and an invaluable service to our company.Graeme Hall / ifour
I found Hazel via her helpful replies on a UK business forum. I was specifically looking for a switched-on, friendly accountant who understood how an agile, modern online business operates. Her forum replies echoed the experience I have had since choosing Balanced Accounting - calm, knowledgeable, patient and fully in control. I have come to rely on Hazel completely and am very happy to do so. Highly recommended and a breath of fresh air!Kevin Browning / Blue Light Internet
Hazel has provided our companies with a superb service. We decided to use Balanced Accounting because of their ethical approach and have been delighted with what they have achieved for us and their very friendly and personal touch. As people new to the world of limited companies they have guided us every step of the way and made our accounting very easy to manage. We could not have asked for more.Crichton and Susan Casbon / Crichton Casbon Consulting and IgnitED
Hazel Wells at Balanced Accounting works for us as Company Secretary and accountant for our estate management company. Quite a complex set up in a small way, but the work has been done with speed, efficiency and, in some tricky situations, a good deal of diplomacy. As a small organisation the personal touch is very evident and very welcome.Anon / Prefers privacy