top of page

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.


2 views0 comments

Recent Posts

See All

Tax Adviser Vacancy

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown #accountantnearme #newryandmourne #qualifiedtaxadviser #wearehiring

UK: Interest rates will remain unchanged

The Bank of England has today confirmed that interest rates will remain unchanged at 5.25% as expected, despite a decrease in inflation.  The decision marks its fifth pause in a row, with the Monetary

EDIT: HMRC U-turn on plans to cut access to helplines

HMRC have just announced that further to feedback, they are now halting plans to restrict access to the self-assessment, VAT and PAYE helplines as announced only yesterday while they engage with stake

Commentaires


bottom of page