Published 29th April 2021; Updated 9th March 2024 The deadline to submit a Capital Gains Tax Return, and pay any CGT due, on a disposal of UK land or buildings is 60 days from completion (transfer). With effect from 27th October 2021: All disposals of residential property by UK residents has to be reported within […]
Category: CGT
Capital Gains Tax and the Principal Private Residence Relief
Published 11th February 2013; Updated July 2015 / April 2021 / April 2023 Everyone thinks they know the rules, but few get it right Capital Gains Tax (CGT) is a tax on the gain in value realised on the disposal of an asset. When it comes to a landlord’s rental property there are many misconceptions […]
Non-Residents: beware of changes to Capital Gains Tax
Published 5th March 2019; Updated 21st March 2019 / April 2021 / 27th October 2021 / April 2023 The deadline to submit a Capital Gains Tax Return, and pay any CGT due, on a disposal of UK land or buildings has been extended, with immediate effect, from 30 to 60 days. Notifying HMRC From 2019, […]
The Capital Gains trap for non-residents
Published 10th May 2022 Are you a non-resident owning property in the UK? Be aware of your obligations when you sell We have all become used to the idea that since April 2015 non-residents could be liable to Capital Gains Tax (CGT) on the disposal of UK residential property and the same applies to the […]