Capital Gains Tax Advice in Norwich

Comply with tax requirements with bespoke CGT advice provided by our financial experts here at Eastfield Accountants. We offer tailored strategies to individuals and businesses both in Norwich and across Norfolk, helping to reduce their tax liabilities and planning for the future.

Eastfield Accountants provide professional taxation advice across Norfolk ensuring maximum opportunity is taken of the reliefs available for capital gains tax.

A capital gain arises when certain capital (or 'chargeable') assets are sold at a profit. The gain is the sale proceeds (net of selling costs) less the purchase price (including acquisition costs).

CGT annual exemptions

Every tax year, each individual has the opportunity to earn a certain amount of capital gains without having to pay any Capital Gains Tax (CGT).

The annual exemption amount for the tax year 2023/24 is £6,000, which is a reduction from £12,300 in 2022/23. It is wise for spouses or civil partners to consider this threshold and plan accordingly to make sure both individuals take full advantage of this allowance.

What CGT advice can Eastfield Accountants offer?

Comprehensive CGT reporting and assessments

We conduct thorough assessments to identify tax-saving opportunities, ensuring you benefit from all available reliefs and exemptions relating to your circumstances.

Strategic capital gains tax liability planning

Plan ahead with our proactive tax planning strategies that consider the timing of asset sales and the reinvestment of proceeds, avoiding unnecessary financial pitfalls and optimising your tax position.

Capital Gains Tax for landlords and property investors

When considering selling your buy-to-let investments or inherited property our team will be able to advise on guidance that may help you capitalise on the reliefs available to you.

Private residence relief: Private Residence Relief is a tax exemption for properties that have served as your only or main residence during your period of ownership. This relief ensures that when you sell your main home, you are not liable to pay Capital Gains Tax.

Navigating changes in lettings relief: Historically, lettings relief offered a tax reduction for the sale of a property that was once your main residence and later rented out. However, post-5 April 2020, this relief is restricted only to situations where the owner shared occupancy with the tenant.

CGT and inherited properties: Although Capital Gains Tax is not imposed at inheritance (where Inheritance Tax is relevant), it applies upon sale. Our accountants can provide strategies for tax, such as optimal sale timing.

CGT on overseas properties: For properties abroad, the risk of dual taxation arises—both in the UK and the foreign country. Nonetheless, if the property was your main home, exemptions from UK Capital Gains Tax may be applicable.

In every case, our advisors are equipped to provide bespoke tax planning that aligns with your property portfolio and financial goals.

Navigating more complex CGT scenarios

Capital gains scenarios can extend beyond straightforward asset sales. Some instances involve intricate areas such as gains on shares from the Enterprise Investment Scheme and Venture Capital Trusts, as well as deferred gains in situations like exchanges of shares for shares or shares for loan notes. These situations warrant careful consideration, and we encourage you to engage with us at Eastfield Accountants before finalising any transactions.

As for additional deductions you might be eligible for, a number of established reliefs remain accessible:

  1. Private residence relief helps shield the gain from the sale of your home from CGT.
  2. Business asset rollover relief allows you to delay paying CGT on a business asset by rolling the gain into the purchase of another qualifying asset.
  3. Business asset gift relief permits the postponement of CGT on business assets that you gift, transferring the tax liability to the recipient upon their eventual sale of the asset.
  4. Losses from previous tax years that haven’t been used can also be carried forward, potentially decreasing future capital gains.
  5. Remember, taking full advantage of these reliefs can significantly affect your tax responsibilities.

Using investor’s relief

Investors’ Relief (IR) is a tax incentive designed for external investors who are not employees or officers of the company in which they are investing. This relief targets individuals investing in unlisted trading companies, allowing them to benefit from a CGT rate of 10% when certain conditions are satisfied. Investors can take advantage of this relief on qualifying gains up to a lifetime limit of £10 million.

Partner with Eastfield Accountants for expert CGT strategies

Let Eastfield Accountants be your guide through the CGT landscape. Our professional advice is tailored to your unique situation, whether you’re selling a personal asset or managing a business portfolio.

Get in touch with our team to help navigate your tax benefits.

Expert Capital Gains Tax Advice with Eastfield Accountants

Strategy, Tax

Related services

See below for other related services we provide to fully support your financial needs.

  • CIS Returns
  • Inheritance Tax & Estate Planning
  • Self Assessment Tax Returns
  • Insolvency
  • Landlord Accounting & Tax Returns


CIS Returns


Streamline your Construction Industry Scheme (CIS) returns with our efficient services. We ensure accurate and timely submissions, helping you comply with regulations and avoid penalties. Trust us to handle your CIS returns with precision and ease, allowing you to focus on your core business operations.

Strategy, Tax

Inheritance Tax & Estate Planning

Strategy, Tax

Secure the future of your estate with our comprehensive inheritance tax and estate planning services. We offer expert guidance in structuring your assets, minimising inheritance tax liabilities, and creating a lasting legacy for your loved ones. Trust us to provide tailored solutions that ensure your estate planning goals are achieved while preserving your wealth for future generations.


Self Assessment Tax Returns


Effortlessly navigate the self-assessment process with our reliable services. We ensure accurate submissions and maximise your tax savings. Trust us to handle your self-assessment tax returns, providing peace of mind and efficient compliance.




We will analyse your financial position and business performance to advise on if your business is insolvent or insolvency maybe an appropriate course of action. We partner with the best professionals in this field and all discussions are handled sensitively and confidentially, so you have peace of mind that you are receiving the right advice for any scenario that arises.

Accounting, Tax

Landlord Accounting & Tax Returns

Accounting, Tax

Irrespective of whether you are a seasoned landlord with years of experience or have just ventured into the world of property management, the demand for expert landlord accounting services has never been more critical.

At Eastfield Accountants, we take pride in delivering a dependable, personalised, and forward-thinking accounting service tailored to landlords.