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UK PROPERTY CGT RETURN PREPARATION
UK Property Capital Gains Tax Returns
Since 6 April 2015, UK tax non-residents must file a Non Resident Capital Gains Tax (NRCGT) Return on all disposals of UK land and property.
From 6 April 2020, UK tax residents must also file a UK property Capital Gains Tax return when selling UK residential property that results in a taxable gain.
At Expat Tax Solutions, we prepare and file your UK property capital gains tax return ensuring you meet your filing requirements and claim the reliefs you are entitled to.
Capital Gains Tax Returns For Non-Residents
As of 6 April 2015, UK tax non-residents must file an NRCGT return within 60 days of completion of sale of all UK land and property. This applies even if you made a loss or the gain is wholly exempt. Failure to file within 60 days results in penalties.
Each owner must report their share of the disposal and therefore multiple returns may be required for jointly owned properties.
For property owned prior to 6 April 2015, you are able to exempt the portion of the gain relating to the pre-6 April 2015 period via either:
▸ Rebasing the base cost of the property to its value at 6 April 2015
▸ Exempting the pre-6 April 2015 portion on a straight line basis
Expat Tax Solutions will ensure that the exemptions you are entitled to are included on your NRCGT return minimising your UK tax liability.
KEY NRCGT REQUIREMENTS
1
File the return within 60 days of completion of sale.
2
Each owner must report their share of the disposal separately.
3
Claim all available reliefs, including 6 April 2015 rebasing where appropriate.
4
Ensure the return is accurate and submitted on time to avoid penalties.
CGT CALCULATION PROCESS
1
Calculate the gain as proceeds less base cost and associated fees.
2
Claim all available reliefs including Private Residence Relief and deduct the Annual Exemption.
3
CGT is due at 18% or 24% depending on your other UK taxable income.
4
Report the gain via a UK property capital gains return and/or self-assessment.
Capital Gains Tax Returns For Residents
From 6 April 2020, UK tax residents must report and pay the tax relating to disposals of UK residential property within 60 days of completion. A return is only required if CGT is due and therefore if you make a loss, the gain is below your Annual Exemption, or the gain is fully exempt via Private Residence Relief, you should not be required to submit the CGT return.
Details of the disposal and the tax already paid should also be included in your self-assessment tax return. Each owner must report their share of the disposal and therefore multiple returns may be required for jointly owned properties.
Private Residence Relief
If you occupied the property as your main residence at any time then you may be eligible to exempt a portion or all of the gain under Private Residence Relief.
Periods of occupation are exempt plus the final 9 months of ownership.
You may need to nominate a property as your primary residence if you own multiple homes.
The following periods of 'deemed' occupation are also exempt if they are preceded and followed by periods of actual occupation:
- Up to 3 years for any reason
- Up to 4 years if you have to live elsewhere in the UK due to work
- Any length of time if you have to live abroad due to work
We will identify the exemptions that you are eligible for and your
reporting requirements to ensure you remain compliant while maximising
your claims for reliefs.
Our Simple 4 Step Process
1
Send Your Information
Provide your documents necessary to prepare your UK capital gains tax property return.
2
We Prepare Your Return
Our specialists calculate your tax liability and prepare your return including all available reliefs and exemptions.
3
Review and Approve
We explain the contents of your return and answer your questions to ensure you are comfortable before approving.
4
We Submit Your Return
We electronically file your return with HMRC and provide you with their confirmation.
Frequently Asked Questions
UK tax non-residents are subject to UK Capital Gains Tax on disposals of UK property and land. You must also file a Non-Resident Capital Gains Tax Return within 60 days of completion on all sales of UK land and property even if no tax is due.
The Annual Exemption is a fixed amount that you can deduct from gains made in the year. For the 2025/26 UK tax year, the Annual Exemption is £3,000.
The rate of CGT payable depends on your other income and unused rate bands. If you are a basic rate taxpayer, CGT is due at 18% for gains equivalent to your unused basic rate band and 24% for gains exceeding this.
If you are UK tax resident, your foreign gains are taxable in the UK however they may be exempt under the Foreign Income and Gains (FIG) Regime or under a Double Tax Treaty. If you are UK tax non-resident, your foreign gains are not taxable or reportable in the UK.
Non-residents must file an NRCGT return within 60 days of completion for all disposals of UK land and property. UK residents must file a CGT return within 60 days of completion of UK residential property resulting in tax due.