UK Property Capital Gains Tax Explained: Avoid the £3,000 CGT Trap Before You Sell

 If you're selling residential property, understanding the latest Capital Gains Tax (CGT) rules is more important than ever. With the annual CGT allowance now reduced to just £3,000 and a mandatory 60-day reporting deadline, many landlords and developers are facing larger and faster tax liabilities than expected.

For property owners throughout Swansea and the wider South Wales region, planning ahead can significantly reduce unnecessary tax costs.

What You'll Learn

This video explains:

• How Capital Gains Tax is calculated on UK residential property
• Which purchase, improvement and selling costs can be deducted
• The current £3,000 annual exempt amount
• Property tax reliefs that may still be available
• The 60-day reporting and payment deadline
• Tax planning strategies that may reduce your overall liability

Why Early Planning Matters

Many property owners focus on the sale price but overlook the tax implications until completion. Reviewing your position before marketing your property can help identify legitimate deductions, available reliefs and planning opportunities.

Whether you're an experienced developer or a landlord disposing of a single investment property, professional advice before the sale can help avoid costly surprises.

For expert guidance from Carr Jenkins Hood, serving businesses and property owners across Swansea, visit:

https://www.carrjenkinshood.co.uk/blog/archive/article/2026/June/how-much-is-capital-gainstaxon-uk-property-accountant-explains-rates

Learn more about UK Property Capital Gains Tax before you sell.