Capital Gains Tax (CGT) is the tax you pay on the profit you make when you sell an asset that has increased in value. Properties are one of the most common assets that attract CGT.
You must report and pay any Capital Gains Tax due on UK residential property within:
- 60 days of selling the property if the completion date was on or after 27 October 2021
- 30 days of selling the property if the completion date was between 6 April 2020 and 26 October 2021
You may have to pay interest and a penalty if you do not report and pay on time (GOV.UK, n.d.).
Complete the Order Form below for us to deal with your Capital Gains Tax if you have made a taxable sale or disposal.