Changes to Capital Gains Tax

Changes to Capital Gains Tax


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Important changes for CGT in the Autumn Budget 2021

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, as announced by the Chancellor of the Exchequer in his Autumn Budget and Spending Review 2021.  

If you are thinking of disposing of any asset, speak to us first!

The information contained in this article is believed to be correct at the time of publication. The content of this article is intended to be a brief summary of the principal points of the legislation or proposed legislation only, and it is provided for general guidance only. It may not take into account subsequent changes in the law and of necessity it omits much detail. Taxation is a complicated subject and is subject to change. You should only rely on advice prepared specifically for you. Neither the writer nor Landlords Tax Services Ltd can be held liable for any loss arising from any act or omission by you as a result of your understanding of this article. If the subject matter is of interest you should contact us to see if there is a relevant update, and to take professional advice which takes into account your circumstances.

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