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CGT – Disposal of UK residential property

From 6 April 2020 individuals, trusts and personal representatives who are due to pay CGT on the disposal of UK residential property will have 30 days after the completion date to file a new standalone online return and to make a payment on account of the CGT due. Please note that if the exchange of contracts takes place on or after 6 April 2020, or the contract is conditional and the condition is not satisfied until after 6 April 2020, these new CGT PAY and FILE rules apply and the seller will be required to make a return to HMRC within 30 days of completion of the transaction together with a payment on account within the same 30 days’ timescale. If after April 2020 you have made a UK residential property disposal, please contact us as soon as you have agreed a sale so that we can prepare the computation and return required within this short timeframe of 30 days.


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