News & Important Dates
BE AWARE - CAPITAL GAINS TAX DEADLINE
The deadlines for paying Capital Gains Tax after selling a residential property in the UK was changed on 6 April 2020.
If you are a UK resident and sell a residential property in the UK you only have 30 days to tell HMRC and pay any Capital Gains Tax owed or face penalties and interest
The exceptions to this are:
A legally binding contract for the sale was made before 6 April 2020
you meet the criteria for Private Residence Relief
the sale was made to a spouse or civil partner
the gains (including any other chargeable residential property gains in the same tax year) are within your tax free allowance or you sold the property for a loss
the property is outside the UK
An online service is being launched to enable any capital gains tax to be paid, but discuss it with us anyway.