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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.
08 Jul 2024
The UK's business groups have pledged to work in partnership with the new Labour government to revitalise the nation's economy.
The UK's tax gap estimate rose to a record to £39.8 billion in 2022/23 as small businesses accounted for almost two thirds of unpaid tax, according to HMRC's data.