Capital Gains Tax Durham 2026: 9 Bright Ideas on Legally Reducing Your CGT Bill

Don't Let CGT Cause You Unnecessary Stress

Selling property, investments, or other assets should feel exciting — not stressful. But CGT worries can quickly take over:

“Am I paying too much tax?”

“Did I claim all the reliefs I’m entitled to?”

“What if I miss a deadline with HMRC?”

The great news is that you don’t have to navigate this alone. Thousands of taxpayers every year end up paying more tax than necessary simply because they haven’t taken advantage of key allowances or localised professional guidance. Today's blog takes a closer look at ways you can effectively (and legally) reduce your CGT bill!

9 Ways to Reduce Your CGT Liability

1. Use Your £3,000 Annual Allowance

Every UK taxpayer gets £3,000 in tax-free gains each year. Make sure you use it.

2. Transfer Assets to Your Spouse

Transfers between spouses or civil partners are tax-free — allowing both allowances to be used.

3. Spread Sales Across Tax Years

Selling assets gradually across tax years helps you use multiple allowances and reduce taxable gains.

4. Offset Losses

Any losses from other assets can offset gains, reducing your CGT bill.

5. Use ISAs

Investments inside an ISA are completely CGT-free — a smart move for Durham investors.

6. Pension Contributions

Contributing to a pension reduces taxable income and can lower your CGT rate.

7. Claim Private Residence Relief

Your main home is usually exempt from CGT, but second homes and buy-to-let properties are not.

8. Deduct Allowable Costs

Include purchase costs, legal fees, estate agent fees, and home improvements to reduce gains.

9. Get Professional Advice

Working with a tax professional ensures you plan disposals efficiently, minimise tax legally, and stay fully compliant with HMRC — potentially saving thousands.

Final Thoughts

Capital Gains Tax doesn’t have to take a large portion of your profits. By planning ahead, using allowances, and working with experienced and trusted professionals, you can pay only what’s necessary and protect your hard-earned wealth.

Whether you’re selling a property, investments, or other valuable assets, getting local professional advice is key to avoiding mistakes and maximising savings.

📩 Contact our Durham team today to see how we can help you reduce your CGT bill legally.

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