In April 2020 there will be a huge change to the rules for Capital Gains Tax. If you are a UK resident and selling a residential property on or after 6th April 2020, any Capital Gains Tax due will have to be calculated and paid to HMRC within 30 days of the sale! This is a change from the current process which treats it as part of your Self-Assessment Tax Return.
Watch out if you sell a property after 6th April 2020! New Capital Gains Tax rules on sale of Residential Properties
13 Feb 2020 | Tax