30 day limit to report & pay CGT on residential property now 60 days


October 27, 2021|In KRW Tax news|By Keith Witchell

Anyone selling a residential property since April 2020 has had to report and pay their Capital Gains Tax to HMRC within 30 days of the sale completing. However, the Budget brought news of a welcome relaxation of these rules, which extends the reporting and payment window from 30 days to 60 days from 27 October 2021 onwards.

For further advice on this matter, please contact me.

Keith Witchell

Director