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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.
07 May 2024
HMRC's pilot scheme for Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is now live.
One in ten highly skilled freelancers are currently out of work due to the impact of reforms to IR35 tax legislation.