The UK Government published the draft Finance Bill 2018-19 on 6th July 2018 proposing new deadlines for payment of Capital Gains Tax (“CGT”) and Stamp Duty Land Tax (“SDLT”) upon disposal of residential property.
In accordance with the draft legislation CGT arising on the disposal of a residential property will now need to be paid within 30 days of completion.
Read a copy of our Briefing Note for further information.
If you have any concerns or queries, please contact a member of the Rooks Rider Solicitors’ Wealth Planning or Real Estate teams.
