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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.
10 Sep 2024
HMRC is failing on the key metrics of responsiveness, ease and accuracy, according to the annual HMRC Charter report.
HMRC has 'sent nudge' letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).