Capital Gains Tax Advice Torbay
Capital gains tax in Torbay, handled properly.
Selling a property, disposing of a business asset or closing a company can trigger a CGT liability that catches people off guard. Daniel works with landlords, investors and business owners across Torbay to calculate the liability accurately, identify reliefs you are entitled to, and ensure everything is reported to HMRC on time. Fixed fee, ACCA-qualified, same-day replies.
- Your CGT liability calculated accurately before you exchange or complete
- Eligible reliefs — including Private Residence, Business Asset Disposal and Gift Hold-Over — reviewed as standard
- HMRC’s 60-day reporting window for residential property disposals met without a penalty
- A plain-English explanation of what you owe and why, before the bill arrives
No long-term contract. If it is not working after three months, you leave with clean records and nothing owed.
Get a free CGT quote
Fixed fee. Same-day reply. No obligation.
What our clients say
★★★★★
Fast Turnaround When It Mattered
“Daniel was extremely responsive, clear, and professional throughout. He understood exactly what the lender required, turned everything around very quickly without cutting corners.”
★★★★★
Tax Knowledge That Saved Money
“His knowledge in tax law and what can be used for expenses really helped with saving money where I could.”
★★★★★
Clear Explanations, No Jargon
“Daniel was very helpful and patient with me when I had no clue what to do and spoke through everything with me and made it clear.”
★★★★★
Professional Service, No Worries
“Professional service. This company does my accounts every year and i never have to worry about it. Speedy as well.”
Sound familiar?
CGT is not something you want to work out yourself.
The rules around capital gains tax shift regularly — rates, annual exemptions, reporting deadlines and available reliefs all interact in ways that are easy to get wrong. A miscalculation on a property disposal or business sale does not just result in an underpayment; it can mean a penalty on top of the tax itself. Most people reach out after completing a transaction, which is often too late to make meaningful use of the planning options that were available.
- Unsure whether a gain even needs reporting, or what rate applies
- 60-day residential property reporting deadline missed or at risk
- No idea whether Business Asset Disposal Relief or other exemptions apply to your situation
What sorted looks like
The liability is calculated accurately and well in advance. Reliefs are reviewed, not assumed. Reporting deadlines are met. You know the number before HMRC does.
- Your gain calculated correctly, with the right rate applied and the annual exemption used
- Residential property gains reported to HMRC within the 60-day window, penalty-free
- All relevant reliefs — BADR, PRR, hold-over — assessed and claimed where applicable
- Fixed fee agreed upfront — no surprise invoice after the advice is given
What Torbay clients say about our tax work
From time-sensitive deadlines to complex tax positions, the feedback from clients is consistent: fast, accurate and clearly explained.
I worked with Daniel at DG Accountancy to review and sign off my sole trader accounts for a time-sensitive mortgage application, and the service was excellent. Daniel was extremely responsive, clear, and professional throughout. He understood exactly what the lender required, turned everything around very quickly without cutting corners. Communication was straightforward and reassuring, which made a potentially stressful part of the mortgage process much easier. Fees were transparent, turnaround was fast, and the work was done thoroughly and accurately. I wouldn’t hesitate to recommend Daniel to anyone needing reliable accountancy support, particularly where deadlines really matter.
Daniel was very helpful with my books and tax return. He offered great advise and insight in how to manage my books better and more efficiently. His knowledge in tax law and what can be used for expenses really helped with saving money where I could. As a sole trader it’s really hard to keep on top of things and have now asked Dan to do monthly books for me. His rates are extremely good compared to some other accountants out there and I get more for my money.
Capital gains tax support, start to finish
Whether you are selling a buy-to-let, disposing of a business or transferring assets, the service covers the calculation, the planning and the reporting.
CGT Calculation and Liability Review
The gain is calculated correctly — cost base, allowable deductions, annual exemption and the right tax rate. You receive a clear written summary of what is owed and why before anything is filed with HMRC. There are no assumptions made about reliefs; each one is checked against your circumstances.
Included as standardHMRC Reporting and Deadline Management
Residential property disposals must be reported to HMRC within 60 days of completion — a deadline that catches many people out. That report is filed accurately and on time. For non-residential gains, the Self Assessment return is handled within the same service.
Deadlines handledRelief and Planning Advice
Business Asset Disposal Relief, Private Residence Relief, Gift Hold-Over Relief and Investors’ Relief are each considered based on your specific situation. Where pre-disposal planning is still possible — for example, timing a sale across two tax years — that is flagged before you commit. The advice is given in plain English, not a five-page memo.
Proactive and specificConsistent feedback across different situations
Clients come with different assets, different circumstances and different levels of prior knowledge. The experience is described the same way regardless.
Every Detail Explained, Accounts Finalised Smoothly
“Absolutely recommend Daniel for all and any accounts related matter. Would use his expertise again. He is the most amazing person, very professional, explaining every detail meticulously in order to finalise our accounts. A huge thank you Daniel.”
Self-Employed Tax Handled Without The Headache
“Huge thanks to Daniel for helping ourselves with our taxes! Being self employed means we all have to do this ourselves which is just not possible on top of our work load. Thanks again! We will be using you again!”
Probate Accounts: Quick, Efficient, Friendly
“Excellent service providing financial accounts for probate. Quick, efficient and friendly. Would highly recommend.”
Why Torbay clients choose Daniel for CGT advice
Capital gains tax is one area where the advice quality genuinely affects the outcome. Here is what makes the difference in practice.
Reliefs Checked, Not Assumed
Business Asset Disposal Relief, Private Residence Relief and other exemptions are not automatically applied — they each have conditions that must be met. Daniel reviews the full picture before calculating the liability, which means you do not overpay because a relief was overlooked. That is the kind of detail that makes a material difference to the final number.
Deadline-Aware From Day One
The 60-day reporting window for UK residential property gains is a firm HMRC deadline with automatic penalties for late filing. Most clients are not aware of it until after completion. Daniel flags the obligation at the outset and manages the submission so the window does not become a problem.
Explained in Plain English
CGT legislation is genuinely complex. The advice you receive is not. Daniel translates the calculation — base cost, indexation allowance, rates, annual exemption — into language that makes sense to someone who is not an accountant. You understand what you owe, why you owe it, and what, if anything, can still be done about it.
Up and running in four straightforward steps
Most clients have their liability calculated and their position clarified within a few days of getting in touch. The process is designed to require as little from you as possible.
Book a free discovery call
Tell Daniel about the asset, the disposal and your current situation. No sales pitch — just a conversation to confirm what is needed and whether there is anything that can still be planned before you proceed.
Receive your fixed-fee quote
You get a clear, written quote before any work begins. The fee is agreed upfront — there is no hourly rate running in the background and no invoice that grows as the complexity does.
Share the relevant documents
Purchase and sale documents, improvement costs, any previous correspondence with HMRC — everything is requested in a simple checklist. Secure file sharing means nothing needs to be posted or scanned in person.
Know your position, in writing
You receive a clear summary of the gain, the tax owed, the reliefs applied and the filing that has been made or is due. The liability is no longer an unknown. HMRC is dealt with. You can get on with whatever comes next.
“Professional service. This company does my accounts every year and i never have to worry about it. Speedy as well. I am a very happy customer.”
Things people ask before getting in touch
Do I have to report a capital gain even if I do not owe any tax?
It depends on the nature of the disposal and the size of the gain. For UK residential property, any gain above your annual exemption must be reported to HMRC within 60 days of completion, even if tax is ultimately not owed once reliefs are applied. For other assets, the reporting threshold is different. The starting point is always to calculate the gain properly before deciding whether a report is required.
What does capital gains tax advice cost, and what is included?
The fee is fixed and agreed before any work begins — it covers the calculation of the gain, the review of applicable reliefs, and the HMRC reporting where required. The exact fee depends on the complexity of the disposal: a straightforward second property sale is different from a business asset disposal with mixed-use history. You will have the number before any work starts.
I have already sold the asset. Is it too late to get advice?
Not necessarily. If a residential property was sold recently and the 60-day reporting deadline has not yet passed, there is still time to file correctly and avoid a penalty. If the deadline has passed, the position can still be regularised — voluntary disclosure to HMRC is generally treated more favourably than HMRC discovering the omission. The earlier you make contact, the more options remain available.
Is there a long-term contract or minimum commitment?
No. CGT advice is provided as a one-off fixed-fee engagement for clients who need that and nothing else. If you subsequently want ongoing accountancy support — bookkeeping, Self Assessment, year-end accounts — that is available as a monthly package with no lock-in beyond a reasonable notice period. There is no pressure to take on services you do not need.
Does Business Asset Disposal Relief apply to my situation?
Business Asset Disposal Relief — formerly Entrepreneurs’ Relief — reduces the effective CGT rate to 10% on qualifying gains, subject to a lifetime limit. The conditions are specific: you generally need to have owned the asset and met certain trading or shareholding thresholds for at least two years. Whether those conditions are met in your case is something that needs to be checked against the facts, not assumed.
Can splitting a disposal across two tax years reduce the bill?
In some cases, yes. Each individual has an annual CGT exemption, and if the disposal can be structured to fall across two tax years — with part of the gain realised before 5 April and the remainder after — two exemptions may be available. This requires planning before the disposal completes, not after. It is one of the reasons it is worth getting advice before you exchange, not once you have already committed.
Get your CGT position clear and handled.
A fixed-fee quote, a plain-English explanation of what you owe, and HMRC reporting managed correctly. No surprises. No jargon. No long-term commitment required.