Capital Gains Tax (CGT) on Property

• All UK residential property are subject to CGT (see exceptions below)
• CGT is Due
  • From 1 July onwards
  • Required to report and pay the tax
    • 30 calendar days from the date the property is sold
  • Filing penalty plus interest is charged if late
• Complete the new process:
  • This is unchartered territory
  • Report and pay as follows:
    • Save costs and do it yourself
      • You need to setup a government gateway user ID and password
      • Once above is done then create a “Capital Gains Tax Account”
      • HM Revenue & Customs Guidance
    • Avoid hassle and work
      • Appoint Avar to handle the entire process
      • Agree fees and timescales
      • RIP
      • Hassle Over

Q: Does this 30 Day rule apply to all properties?

• A: It does not apply to UK resedential property which is your main residence.
• A: It does not apply to properties outside the UK.
• A: Primarily it applies to all residential “Buy to Let” properties.
• A: This does not apply to commerical propeties.