Property taxes and capital gains

✅Income Tax on Rental Properties

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Personally Owned Property
 

We help individuals and joint owners with:

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• Completion of the SA105 property pages of the Self Assessment return

• Advice on Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) rules set by HMRC from April 2026

• Advice on allowable expenses and mortgage interest restrictions​

• Advice on capital versus revenue expenditure​​

 

Property Held in a Limited Company

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We provide full support for:

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• Annual accounts 

• Corporation tax returns

• Tax treatment of rental income and associated costs

• Profit extraction planning: salary, dividends, or retained profits

• Group structuring for larger portfolios or development projects

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✅Capital Gains Tax (CGT) on Property

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We prepare and submit:

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• 60-day CGT reports for residential property sales

• CGT calculations for second homes, inherited property, land, and commercial buildings

 

We also advise on reliefs such as:

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• Principal Private Residence Relief (PPR) – exempt gains for your main home under qualifying criteria

• Spousal transfers and gifting strategies

• ​Business Asset Disposal Relief (BADR) – where relevant for mixed-use or business premises​

 

 

✅VAT on Property

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VAT is one of the most complex and misunderstood areas of property taxation. We help landlords, developers, and businesses navigate their VAT responsibilities and avoid costly mistakes.

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We advise and implement on:

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• Commercial property – when and how to apply the Option to Tax, and how to recover VAT on costs like legal fees and refurbishment

• Residential conversions, new builds, and renovations – when the reduced 5% VAT rate or zero-rating applies

• Disposals and sales – how to structure property transactions to minimise irrecoverable VAT, including potential TOGC (Transfer of a Going Concern) treatment

• VAT registration and returns – ensuring property businesses are VAT compliant and maximising allowable recover

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✅Property Development & Investment Structuring

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We advise developers and traders on:

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• Tax implications of flipping vs holding property

• Property company formations and group structures

 

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✅Stamp Duty Land Tax (SDLT) & Land Transaction Tax (LTT)

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We help calculate and plan for:

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• SDLT (England) and LTT (Wales)

• Additional rate for second properties

• Reliefs: multiple dwellings, mixed-use, group relief, and linked transactions

• Avoiding common pitfalls in purchases or restructures

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Other Capital Gains Reporting

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Capital Gains Tax does not apply only to property. It may also arise when you sell or dispose of other valuable assets such as shares, cryptoassets, business interests, or antiques. Even where no money changes hands — for example, gifts to family members — a capital gain may still need to be reported.

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At JMT, we help you understand when and how to report disposals of:

• Shares and investment portfolios

• Cryptocurrency and digital assets

• Business assets including goodwill and intellectual property

• Gifts or transfers of assets to connected persons

 

We ensure that all available reliefs and allowances are considered, including business asset disposal relief and capital losses. The annual Capital Gains Tax exemption is now just £3,000, making many more disposals reportable than in previous years. We help you plan the timing of disposals and structure your affairs to minimise exposure and remain compliant with HMRC.

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Whether you're realising gains from investments or disposing of a business asset, we can guide you through the reporting process accurately and efficiently.