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CGT: UK residential property disposals

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HMRC has updated its guidance Manage your client’s capital gains tax on UK property account on filing online returns for UK residential property disposals. For disposals made from 6 April 2020, UK residents must report their CGT online within 30 days of the property’s completion date. HMRC’s guidance has been updated to reflect that, at the moment, only the first return for UK property sales or disposals made in a tax year can be submitted online. For amendments to an existing return or completion of further returns for the tax year, it will be necessary to contact HMRC.

Issue: 1495
Categories: News
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