Capital gains tax self-assessment deadline extended

Hillier Hopkins LLP

Chartered Accountants & Tax Advisers

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Update 30 October 2024 – Following the Budget announcement today, some of the details mentioned in this insight may have changed. Please visit our Budget page for further information.

From 6 April 2020, Capital Gains Tax must be reported and paid for the sale of UK residential property within 30 days of completion.

Taxpayers and advisers have experienced a significant number of issues with the online service and in response HMRC have extended the reporting deadline to 60 days. If a purchase completed on or after 27 October 2021 it will report under the extended terms.

If the completion date was between 6 April 2020 and 26 October 2021 the deadline remains 30 days.

Capital Gains Tax can be a complex area. Everyone’s situation is different and getting advice that is tailored to your unique situation can ensure that your affairs are as efficient as possible. We offer a free initial consultation, so if you would like to speak to Beverley Wood, please get in touch with her on +44(0)330 024 3200 or email hi@hhllp.co.uk.

Do you need extra information?

Debbie Wilson - Director at Hillier Hopkins

If you are thinking of selling an asset (personal company shares, holiday home, land etc), Debbie can help you to achieve your aims in the most tax efficient way.

Contact Debbie at debbie.wilson@hhllp.co.uk or on +44 (0)20 7004 7139

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