Capital Gains tax changes for residential property

30 Mar 2020

A reminder that the rules for paying Capital Gains tax after selling qualifying residential property are changing from 6th April 2020.

From this date, any UK resident must inform HMRC about the gain and the tax must be paid within 30 days of completion.

This represents quite a shift from the current regime where tax is paid in accordance with self-assessment deadlines.

Andrew Flint

Partner

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