ย 
  • John Massey

Selling a rental property? ๐Ÿ  Tax now due within 60 days!

Updated: Nov 3



Selling a rental property in the near future?


Capital Gains Tax (CGT) is now payable within 60 days of exchanging contracts for the sale of a residential rental property. In addition a standalone online CGT Return must be completed.

So... if youโ€™re planning on selling a property โ€“ please let us know ASAP.


Background info: CGT standalone Returns were first introduced from 6 April 2020 with a 30 day deadline. This was extended to 60 days at the Autumn Budget held 27 October 2021.


Source info: https://www.tax.service.gov.uk/capital-gains-tax-uk-property/start/report-pay-capital-gains-tax-uk-property



Would you like help to pay less tax? Feel free to get in-touch or check-out our related posts ๐Ÿ‘‡.

6 views0 comments
ย