Issues experienced by taxpayers and agents in respect of the 30 day residential property disposal service have been under discussion with HMRC. HMRC has now published further details of the temporary solution to allow taxpayers to offset a UK property disposal return CGT overpayment against another Self-Assessment tax.
HMRC is also continuing to work on updating all the guidance on this service and is exploring a longer-term resolution to the offsetting issue.
The two documents now published are as follows:-
LOADING...