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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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35 Main Street
Hilltown
Newry
County Down
BT34 5UJ

Tel:      028 4063 0876

Fax:     028 4063 2648

Email:  info@farrellca.com

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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.