Selling a Property in the UK – Update

Sold a property in the UK after 6 April 2020?

The rules around selling a property in the UK are changing!
If you have sold a property or plan to sell a property after 6 April 2020 it’s now a requirement to report and pay Capital Gains Tax within 30 days of selling the property. Failing to do this could result in penalties and/or paying interest if you do not report this within the limit given (30 days)
What you will need:
  • Calculations for each capital gain/loss to report
  • Info from your records about the costs and what was recieved for each asset
  • Details of any reliefs you may be entitled to

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