959AQ Date for payment of capital gains tax

Summary

This section sets out the due dates for the payment of capital gains tax. Tax for the period 1 January to 30 November in a tax year is due by 15 December in that year. Any additional tax due in relation to the month of December is due by 31 January in the following tax year.

Details

There are two payment dates of capital gains tax:

• CGT in relation to gains from the initial period (defined in section 959AM as from 1 January to 30 November) must be paid on or before 15 December in the tax year
• CGT in relation to gains from the later period (defined in section 959AM as from 1 December to 31 December) must be paid on or before 31 January the following tax year.

When an assessment issues for CGT, the payment dates of any tax due under that assessment are those as set out for the initial and later period.

Relevant Date: Finance Act 2021