This is an HMRC update:<\/p>\r\n\r\n\r\n\r\n

Property owners selling a residential property in the UK are being reminded by HM Revenue and Customs (HMRC<\/abbr>) about important deadline changes when paying Capital Gains Tax.<\/p>\r\n\r\n\r\n\r\n

From 6 April 2020, if a UK resident sells a residential property in this country they\u2019ll now have 30 days to tell\u00a0HMRC<\/abbr>\u00a0and pay any money owed. It means for some it can be done without having to register for Self Assessment.<\/p>\r\n\r\n\r\n\r\n

There are also changes for non-UK residents selling both residential and non-residential property in this country. Non-UK residents will still be required to tell\u00a0HMRC<\/abbr>\u00a0within 30 days whether there is tax to pay or not and will no longer to be able to defer payment via their Self Assessment return.<\/p>\r\n\r\n\r\n\r\n

HMRC<\/abbr>\u00a0will launch a new online service to make it easier to report and pay any Capital Gains Tax. Owners may need to make a Capital Gains Tax report and make a payment when, for example, they sell or otherwise dispose of:<\/p>\r\n\r\n\r\n\r\n

\r\n
• a property that they\u2019ve not used as your main home<\/li>\r\n
• a holiday home<\/li>\r\n
• a property which they let out for people to live in<\/li>\r\n
• a property that they\u2019ve inherited and have not used as their main home<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n

  HMRC has produced a fact sheet on the CGT 30-days reporting and payment obligations for UK residents disposing of residential property and for non-UK residents disposing of UK land from 6 April 2020.<\/p>\r\n\r\n\r\n\r\n

  Click here<\/a> to download the document<\/p>\r\n","protected":false},"excerpt":{"rendered":"

  This is an HMRC update: Property owners selling a residential property in the UK are being reminded by HM Revenue and Customs (HMRC) about important deadline changes when paying Capital Gains Tax. From 6 April 2020, if a UK resident sells a residential property in this country they\u2019ll now have 30 […]<\/p>\n","protected":false},"author":1,"featured_media":2077,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[2,44],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/posts\/2082"}],"collection":[{"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/comments?post=2082"}],"version-history":[{"count":2,"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/posts\/2082\/revisions"}],"predecessor-version":[{"id":2182,"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/posts\/2082\/revisions\/2182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/media\/2077"}],"wp:attachment":[{"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/media?parent=2082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/categories?post=2082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theaccountingclub.com\/wp-json\/wp\/v2\/tags?post=2082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}