Capital Gains Tax for UK Property sales

Category: Residential Property

By Nick Winslet

New rules relating to Capital Gains Tax reporting requirements in connection with UK property sales come into effect from 6 April 2020. The rules require that HM Revenue & Customs must be notified within 30 days of completion of a sale, otherwise penalties and interest will be due on what is owed. HMRC has issued detailed guidance on the requirements. This can be accessed via the link below.