Capital Gains Tax advice
Helping you hold onto more of what you’ve built.
Capital Gains Tax advice
Helping you hold onto more of what you’ve built.
Capital Gains Tax (CGT) Advice That Protects More of What You’ve Earned
– BUILT VALUE DESERVES SMART PROTECTIONÂ –Â
Whether you’re selling a property, exiting a business, or disposing of assets, CGT (Capital Gains Tax) can have a significant impact. At Lewis Brownlee, we help individuals and business owners plan ahead, reduce liabilities, and stay compliant. CGT isn’t always straightforward. The rules differ depending on what you’re selling, how long you’ve owned it, and your wider tax position. Reliefs and exemptions change often  – and missing one could cost you thousands. We provide CGT advice that’s clear, actionable, and tailored to your situation. And, with offices in Chichester, Midhurst, and Whiteley, our CGT specialists offer expert, local advice with national reach to boot!
Capital Gains Tax (CGT) Advice That Protects More of What You’ve Earned
– BUILT VALUE DESERVES SMART PROTECTIONÂ –Â
Whether you’re selling a property, exiting a business, or disposing of assets, CGT (Capital Gains Tax) can have a significant impact. At Lewis Brownlee, we help individuals and business owners plan ahead, reduce liabilities, and stay compliant. CGT isn’t always straightforward.
The rules differ depending on what you’re selling, how long you’ve owned it, and your wider tax position. Reliefs and exemptions change often  – and missing one could cost you thousands. We provide CGT advice that’s clear, actionable, and tailored to your situation. And, with offices in Chichester, Midhurst, and Whiteley, our CGT specialists offer expert, local advice with national reach to boot!
Personal Capital Gains Tax Support
If you’ve made a gain from selling or gifting an asset, you may owe CGT.
This includes:
Personal Capital Gains Tax Support
If you’ve made a gain from selling or gifting an asset, you may owe CGT.
This includes:
Second homes and buy-to-let properties – Selling a second home or investment property can trigger a significant CGT bill. Our Capital Gains Tax advice will help you understand your liability, apply reliefs like Private Residence Relief if available, and plan ahead to reduce what you owe. There is a 60 day window from the date of sale to report and pay any CGT due so getting advice early is vital.
Shares and investments – Gains from selling shares, funds, or crypto assets are often overlooked until it’s too late. We provide advice and calculate your gains correctly, claim losses where applicable, and time disposals for maximum efficiency.
Business assets – Whether you’re selling equipment, land, or intellectual property, CGT can apply to a wide range of business assets. Getting the right advice ensures you make the most of reliefs like Business Asset Disposal Relief and structure your exit tax-efficiently.
Personal possessions worth over £6,000 (excluding your car) – Valuable items such as antiques, art, or jewellery can trigger CGT when sold. We’ll provide CGT advice to assess your position, calculate any gain, and explore ways to legitimately reduce your tax exposure
Gifts made to others (outside of spouses or civil partners) – Even gifts can attract CGT if they rise in value and these will need to be reported to HMRC if CGT is payable. With the right CGT advice, we’ll help you understand the implications of gifting assets and how to do so tax-efficiently as part of a wider wealth plan.
Second homes and buy-to-let properties
Selling a second home or investment property can trigger a significant CGT bill. Our Capital Gains Tax advice will help you understand your liability, apply reliefs like Private Residence Relief if available, and plan ahead to reduce what you owe. There is a 60 day window from the date of sale to report and pay any CGT due so getting advice early is vital.
Shares and investments
Gains from selling shares, funds, or crypto assets are often overlooked until it’s too late. We provide advice and calculate your gains correctly, claim losses where applicable, and time disposals for maximum efficiency.
Business assets
Whether you’re selling equipment, land, or intellectual property, CGT can apply to a wide range of business assets. Getting the right advice ensures you make the most of reliefs like Business Asset Disposal Relief and structure your exit tax-efficiently.
Personal possessions worth over £6,000 (excluding your car)
Valuable items such as antiques, art, or jewellery can trigger CGT when sold. We’ll provide CGT advice to assess your position, calculate any gain, and explore ways to legitimately reduce your tax exposure
Gifts made to others (outside of spouses or civil partners)
Even gifts can attract CGT if they rise in value and these will need to be reported to HMRC if CGT is payable. With the right CGT advice, we’ll help you understand the implications of gifting assets and how to do so tax-efficiently as part of a wider wealth plan.
Our Brightest Advice, Tailored to You
– BRINGING CLARITY TO COMPLEXITY – WITH CGT ADVICE THAT REALLY SHINES –Â
Understand what is chargeable for CGT
CGT rules can be complex & situation-specific. We’ll explain what’s taxable & what’s exempt, giving you confidence through tailored CGT advice.
Maximise use of your annual exemption
Each year you’re entitled to a tax-free allowance — but if you don’t use it, you lose it. Our CGT advice ensures you take full advantage before deadlines pass.
Apply and claim the reliefs you're entitled to.
Reliefs can significantly reduce the CGT you owe — if you know how to use them. We’ll identify which apply to you and guide you through the claims process with expert CGT advice.
File CGT returns accurately and on time
From 60-day reporting to self-assessment, timing is key. We’ll handle the paperwork, calculations, and compliance, giving you peace of mind with professional Capital Gains Tax advice.
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Plan disposals across tax years to reduce tax owed
Splitting or delaying disposals can cut your liability. We’ll help you plan strategically with forward-thinking Capital Gains Tax advice that fits your wider financial picture.
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Our Brightest Advice, Tailored to You
– BRINGING CLARITY TO COMPLEXITY – WITH CGT ADVICE THAT REALLY SHINES –Â
Understand what is chargeable for CGT
CGT rules can be complex & situation-specific. We’ll explain what’s taxable & what’s exempt, giving you confidence through tailored CGT advice.
Maximise use of your annual exemption
Each year you’re entitled to a tax-free allowance — but if you don’t use it, you lose it. Our CGT advice ensures you take full advantage before deadlines pass.
Apply and claim the reliefs you're entitled to.
Reliefs can significantly reduce the CGT you owe — if you know how to use them. We’ll identify which apply to you and guide you through the claims process with expert CGT advice.
File CGT returns accurately and on time
From 60-day reporting to self-assessment, timing is key. We’ll handle the paperwork, calculations, and compliance, giving you peace of mind with professional Capital Gains Tax advice.
Plan disposals across tax years to reduce tax owed
Splitting or delaying disposals can cut your liability. We’ll help you plan strategically with forward-thinking Capital Gains Tax advice that fits your wider financial picture.
Business Capital Gains Tax Support
Disposing of business assets? Selling shares? Passing on a company? We provide business owners with strategic CGT advice, including:
Business Asset Disposal Relief (formerly Entrepreneurs’ Relief)
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Incorporation and restructuring guidance
Whether you’re converting a sole trade to a limited company or restructuring an existing group, we provide Capital Gains Tax advice that supports tax efficiency and commercial flexibility.
Succession and exit planning
Preparing for a sale, retirement or family handover? We’ll help you minimise CGT exposure with forward-looking Capital Gains Tax advice that protects the value you’ve built.
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Share sales and valuations
Selling shares — especially in private companies — comes with complex tax implications. We’ll provide robust CGT advice, ensure valuations are sound, and structure the deal with your goals in mind.
Asset transfers and gifting
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Capital Gains Tax planning for group companies
From intra-group transfers to company sales, we offer specialist CGTÂ advice that keeps your group compliant and optimised for long-term growth or exit.
Business Capital Gains Tax Support
Disposing of business assets? Selling shares? Passing on a company? We provide business owners with strategic CGT advice, including:
Business Asset Disposal Relief (formerly Entrepreneurs’ Relief)
Incorporation and restructuring guidance
Whether you’re converting a sole trade to a limited company or restructuring an existing group, we provide Capital Gains Tax advice that supports tax efficiency and commercial flexibility.
Succession and exit planningÂ
Preparing for a sale, retirement or family handover? We’ll help you minimise CGT exposure with forward-looking Capital Gains Tax advice that protects the value you’ve built.Â
Share sales and valuations
Selling shares — especially in private companies — comes with complex tax implications. We’ll provide robust CGT advice, ensure valuations are sound, and structure the deal with your goals in mind.
Asset transfers and giftingÂ
Capital Gains Tax planning for group companies
From intra-group transfers to company sales, we offer specialist CGTÂ advice that keeps your group compliant and optimised for long-term growth or exit.
Why Choose Lewis Brownlee for CGT Advice?
– BECAUSE NAVIGATING THE MAZE WITH A GUIDE BEATS GUESSING IN THE DARK –
1) We plan ahead
The earlier you speak to us, the more we can help you save.
2) We simplify complex rules
No tax waffle, just expert advice in plain English.
3) We’re locally accessible
With teams in Chichester, Midhurst, and Whiteley, we’re always nearby when you need us.
4) We’re proactive
We’ll identify reliefs, spot opportunities, and give you clear options.
We’re more than just tax technicians – we’re strategic partners who know how to turn capital gains into capital advantage.
Local CGT Specialists You Can Rely On
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Book a Capital Gains Tax Consultation Today
If you’re selling, gifting, or planning a future exit, speak to us early. Good CGT advice now can prevent costly surprises later.  You’ve built the value. We can help you keep more of it! Let’s talk CGT today!
Built Something Big? Don’t Let It All Melt Away.
CGT doesn’t have to shrink your outcome. Our advice keeps your gains on solid ground.
…
Built Something Big? Don’t Let It All Melt Away.
CGT doesn’t have to shrink your outcome. Our advice keeps your gains on solid ground….
FAQs
What is Capital Gains Tax (CGT)?
Capital Gains Tax is a tax on the profit (or 'gain') you make when you sell, gift, or dispose of an asset that has increased in value. You’re taxed only on the gain - not the full amount received. It typically applies to property, shares, investments, and valuable personal possessions.
What is the CGT allowance for the current tax year?
For 2024/25, the annual CGT allowance (known as the Annual Exempt Amount) is £3,000 for individuals and £1,500 for trusts. You only pay CGT on gains above this threshold. This is a significant reduction from previous years, so tax planning is more important than ever.
How much Capital Gains Tax will I pay?
Rates depend on your income and the type of asset:
Rates from 6th April 2025:
Higher rate taxpayers:
• 24% on your gains from residential property
• 32% on your gains from ‘carried interest’ if you manage an investment fund
• 24% on your gains from other chargeable assets
Basic rate taxpayers:
• 18% on your gains from residential property
• 32% on your gains from ‘carried interest’ if you manage an investment fund
• 18% on your gains from other chargeable assets
Rates changed in October 2024 for some gains and the rate will depend on what date in the 2024-25 tax year the gains were made and what type of gain it is. Therefore advice is necessary to make sure you are calculating your tax using the right rates.
Gains from business assets may qualify for Business Asset Disposal Relief at a reduced 10% rate. This will increase to 14% from 6th April 2025 and 18% after 6th April 2026.
Do I need to pay CGT when I sell my main home?
Usually not. Most people benefit from Private Residence Relief, which exempts the gain on your main home. However, if:
• You’ve let the property
• Part of it was used for business
• It’s a second home or buy-to-let property, then CGT may apply.
We can confirm your position and handle the reporting.
When do I need to report and pay CGT on UK residential property?
If you sell a UK residential property that gives rise to CGT, you must:
• Report the gain to HMRC within 60 days of completion
• Pay the tax within the same 60-day window
This applies even if you also report the gain via Self Assessment. We can manage the full process on your behalf.
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What records should I keep for Capital Gains Tax purposes?
You should retain:
• Purchase and sale contracts
• Improvement costs (not maintenance)
• Legal fees, stamp duty, and selling costs
• Records of any reliefs or allowances claimed
Keeping detailed records supports accurate reporting and helps minimise your tax bill.
Can I gift assets to family without paying CGT?
Gifting assets may still trigger a CGT liability, as HMRC treats most gifts as disposals at market value. However, certain gifts (e.g. between spouses or civil partners) are exempt. Others, such as gifts to children, may result in a gain. We can advise on tax-efficient ways to pass on wealth.
Do I have to pay CGT on inherited property or shares?
Not when you inherit them. But, if you later sell the asset, CGT applies to the gain made from the value at the date of inheritance to the sale price. We’ll help calculate the correct gain and advise on tax implications for your estate.
What is Business Asset Disposal Relief (formerly Entrepreneurs’ Relief)?
This relief allows you to pay 14% CGT (from 6th April 2025) on the sale of qualifying business assets, such as shares in a trading company or a business you’ve owned. It’s subject to strict rules and a £1 million lifetime limit. We’ll assess your eligibility and help you structure disposals efficiently.
Can I offset losses against gains?
Yes. Capital losses can be offset against capital gains in the same tax year or carried forward to future years. However, losses must be reported to HMRC within four years of the tax year in which they occurred. We ensure losses are used effectively to reduce your tax bill.