CGT 30 day reporting, 19 October 2020

Oct 19, 2020

From 6 April 2020, gains on disposals of UK residential property by UK resident individuals must be reported within 30 days of completion. HMRC has now updated its online reporting system.

The online portal now allows reporting of gains on second and subsequent disposals to be reported online. Previously this could only be used for the first disposal in any tax year and subsequent disposals had to be reported on paper.