CGT on property disposals to be paid earlier. From April 2020, UK residents disposing of second properties are required to report the sale and pay any resulting tax within 60 days of completion (previously 30 days). The rules do not apply to main residences which are covered by the Principal Private Residence Relief, sheltering the full gain from tax. For … Read More
Capital Gain Tax on property disposals to be paid within 30 day window
CGT on property disposals to be paid earlier From April 2020, UK residents disposing of second properties are required to report the sale and pay any resulting tax within 30 days of completion. The rules do not apply to main residences which are covered by the Principal Private Residence Relief, sheltering the full gain from tax. For non-UK residents, new … Read More