Change of rules for reporting CGT.

Are you aware the deadline for reporting Capital Gains Tax on the sale of properties has changed?

If you sold your property after 6th April 2020 you must report and pay Capital Gains Tax within 30 days of selling property in the UK.

For example, if the gain arises on 1st July 2020, the CGT will now be due on or before 30th July 2020.

You may have to pay interest and a penalty if you do not report gains on property within the time limit.