From 6 April 2020, new rules introduce revised reporting and accounting obligations for UK residents who make a chargeable gain on the disposal of UK residential property. From this date a new system of payments on account for UK residents must be made and a return submitted to HMRC within 30 days of disposal.
Read a copy of our Briefing Note entitled ‘New UK CGT tax rule on disposals of UK residential property by UK residents‘ for more information and to find out what you need to do.
For further guidance on these measures, please contact Robert Drysdale or any other member of our Wealth Planning team.
