Accountants in Preston

Capital Gains Tax on UK Property Disposals

From 6 April 2020, UK residents must report and pay any Capital Gains Tax (CGT) due on gains on the disposal of a UK residential property to HMRC within 30 days of completion of the disposal.

HMRC have now launched its new online service to allow customers to do this, which now means that someone disposing of a UK residential property will be able to report and pay the gain within 30 days from completion.