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Selling a Property in the UK – Update

By August 14, 2020October 14th, 2020No Comments

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 reporty 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