When you make a gain on a residential property from April 6 2020, you will need to make sure you are paying any tax owed is paid within 30 days of completion. Previously, a gain would be reported on the self-assessment tax return which meant that HMRC would not see that revenue for at least 10-22 months.
Are you aware of what you need to do when it comes to Capital Gains tax on residential properties? Worry not, we’ve got you covered with our latest guide.
You can download the full guide here
You can download the full guide here –
Our guide covers the below:
- What is the 30 day rule?
- How to pay within 30 days?
- Who needs to report in 30 days?
- Reporting relevant disposals
- Calculating the liability
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