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.

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Keith Witchell