06/10/2025
๐๐๐๐ ๐ฐ๐ข๐ฅ๐ฅ ๐๐จ๐ง๐ญ๐๐๐ญ ๐ญ๐๐ฑ๐ฉ๐๐ฒ๐๐ซ๐ฌ ๐ญ๐จ ๐ซ๐๐ฆ๐ข๐ง๐ ๐ญ๐ก๐๐ฆ ๐จ๐ ๐ญ๐ก๐ ๐จ๐๐ฅ๐ข๐ ๐๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐ก๐ ๐๐ข๐ฌ๐ฉ๐จ๐ฌ๐๐ฅ ๐จ๐ ๐ ๐๐ ๐ซ๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐ฉ๐ซ๐จ๐ฉ๐๐ซ๐ญ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐๐ ๐๐๐ฒ๐ฌ ๐จ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ข๐จ๐ง ๐ฐ๐ก๐๐ซ๐ ๐๐๐๐ ๐ก๐จ๐ฅ๐๐ฌ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ฌ๐ฎ๐ ๐ ๐๐ฌ๐ญ๐ฌ ๐ ๐ซ๐๐ญ๐ฎ๐ซ๐ง ๐ฆ๐๐ฒ ๐๐ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐.
A UK resident individual who makes a disposal of UK land on which a residential property gain accrues must report the disposal to HMRC and pay the capital gains tax (CGT) due within 60 days of completion.
๐๐ง ๐ ๐ง๐๐ฐ ๐ข๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐, ๐๐๐๐ ๐ฐ๐ข๐ฅ๐ฅ ๐ซ๐๐ฏ๐ข๐๐ฐ ๐ญ๐ก๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ข๐ญ ๐ก๐จ๐ฅ๐๐ฌ ๐๐ง๐ ๐ฐ๐ซ๐ข๐ญ๐ ๐ญ๐จ ๐ญ๐ก๐ ๐ข๐ง๐๐ข๐ฏ๐ข๐๐ฎ๐๐ฅ ๐ฐ๐ก๐๐ซ๐ ๐ข๐ญ ๐๐๐ฅ๐ข๐๐ฏ๐๐ฌ ๐ญ๐ก๐๐ญ ๐ ๐ซ๐๐ญ๐ฎ๐ซ๐ง ๐ฎ๐ง๐๐๐ซ ๐๐-๐๐๐ฒ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ข๐ง๐ ๐ข๐ฌ ๐ซ๐๐ช๐ฎ๐ข๐ซ๐๐. ๐๐๐๐ ๐ฐ๐ข๐ฅ๐ฅ ๐๐จ ๐ญ๐ก๐ข๐ฌ ๐๐๐๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐-๐๐๐ฒ ๐๐๐๐๐ฅ๐ข๐ง๐ ๐ก๐๐ฌ ๐๐ฅ๐๐ฉ๐ฌ๐๐.
In the letter, HMRC identifies the property it believes has been sold and provides links to guidance that explain the circumstances in which a return must be made. If the individual believes that a return under 60-day reporting is not required, they are asked to contact HMRC using the details given in the letter.
HMRC will charge interest on CGT paid late and may charge a penalty for the late submission of a return.
HMRC has advised that only a limited number of taxpayers should expect to receive a letter. However, letters will be sent out on a regular basis as new transactions are identified. Therefore, it is important that individuals and their advisers should continue to ensure they are familiar with 60-day reporting.
Individuals within self assessment also need to report the gain on the disposal of the property in their self assessment tax return.
We are here for all your Capital Gains Tax queries.
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