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CGT on disposals of residential property | Randall & Payne

Summary by Randall-payne.co.uk
How Capital Gains Tax works on property disposals Capital Gains Tax (CGT) in respect of gains on residential property must be reported and paid to HMRC using the Property Disposals Return Service. The deadline for this is currently 60 days from the date of completion. The gain may also need to be reported on your self-assessment tax return. In some circumstances, the taxpayer may overpay the amount of CGT due, with this only becoming apparent wh…
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CGT on disposals of residential property | Randall & Payne

How Capital Gains Tax works on property disposals Capital Gains Tax (CGT) in respect of gains on residential property must be reported and paid to HMRC using the Property Disposals Return Service. The deadline for this is currently 60 days from the date of completion. The gain may also need to be reported on your self-assessment tax return. In some circumstances, the taxpayer may overpay the amount of CGT due, with this only becoming apparent wh…

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randall-payne.co.uk broke the news in on Thursday, March 13, 2025.
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