Capital Gains Tax Reporting on Residential Property

If you are exchanging contracts to dispose of residential property in the next couple of months and within Self Assessment you may save yourself the burden of filing a UK Property Capital Gains Tax (CGT) return by filing a Self Assessment return promptly instead; this gives you the extra advantage that any CGT payable will then not be due until 31 January 2024.

A reminder that if you sold a property in the UK on or after 6 April 2020, you must report and pay any Capital Gains Tax due on UK residential property within:

Full details are as below;

https://www.gov.uk/report-and-pay-your-capital-gains-tax/if-you-sold-a-property-in-the-uk-on-or-after-6-april-2020

If you need any help with Capital Gains Tax matters please let us know.

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