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Alex had been a landlord for several years, renting out a small buy-to-let property in Leeds. Life got busier, and he decided it was time to sell the property and simplify his investments.
Having never sold a property before, Alex was unsure how Capital Gains Tax (CGT) worked, particularly for a buy-to-let, and he didn’t want to risk making costly mistakes. That’s when he reached out to The Tax Faculty for professional guidance.
Alex, Leeds: Selling Small Investment Property
Q1: Why did you decide to contact The Tax Faculty?
Alex: “I’d never sold a property before, and when I realised CGT applied, I had no clue how to even start. I didn’t want to risk making mistakes or paying more tax than necessary. I wanted professional guidance from the start.”
Q2: What was your first impression of working with the team?
Alex: “I was pleasantly surprised. They took the time to listen to my situation, explained everything in plain English, and broke down all the numbers in a way I could understand. It immediately felt less overwhelming.”
Q3: How did the support help you feel confident about the process?
Alex: “They walked me step by step through the paperwork, deadlines, and calculations. They even suggested ways to reduce my liability, like applying certain reliefs I didn’t know about. I felt like I actually understood what I was doing, not just following instructions blindly.”
Q4: Were there any parts that stood out as particularly helpful?
Alex: “The personalised guidance was the biggest help. I wasn’t just given generic advice; they tailored everything to my exact situation. Knowing someone was double-checking everything for me gave me a huge sense of security.”
Q5: What advice would you give someone in the same situation?
Alex: “Don’t try to figure CGT out on your own if it’s your first time — it can get confusing fast. Get expert help early. The right guidance not only saves you money but also removes the stress and uncertainty. The Tax Faculty made the process simple, clear, and manageable.”
Q & A Sale of Buy to Let Investment
At The Tax Faculty, we understand that CGT can be confusing and complex, especially when it comes to property. That's why we are here to help. Our team of experts can provide you with tailored advice and guidance on all aspects of CGT, including how to minimise your liability and take advantage of any exemptions or allowances that may apply to your situation.
If you are thinking of selling a property or any other asset and want to make sure you are not paying more CGT than you need to, contact us today for a free consultation. We can help you navigate the complexities of CGT and ensure that once a property has sold that all filing is completed within the 60-day time limit.
If you require assistance with you CGT circumstances, please feel free to contact us on info@capitalgainstax.co.uk or call us free on 0800 0016 878 for a free initial consultation.
You can also complete the form below and one of our team will get back to you as soon as possible.
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Tax Troubles? We're here to help
We can solve your Capital Gains Tax problems, with ex-senior expert HMRC inspectors here to help to take the stress away from your tax worries.
We do everything for you, including filing returns and giving advice that may help to reduce the amount of tax that you owe.
Our guarantee to you - You will pay the lowest amount of tax possible, while complying with the law.
Contact us free on 0800 0016 878, email info@capitalgainstax.co.uk or fill in our handy form and on of our experts will get back to you as soon as possible.
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