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    Capital gains tax - Administration - 53000

    Under the self-assessment regime, taxpayers are responsible for completing and filing tax returns, calculating their tax liabilities, and paying tax to HMRC. They are also obliged to maintain detailed...

    Capital gains tax - Administration - Amount and how to pay - Calculation - 53150

    Once the capital gains and allowable losses have been calculated for all chargeable disposals during a tax year, the net taxable gain must be calculated. This is the total of all capital gains...

    Capital gains tax - Administration - Foreign aspects - 53350

    Introduced in 2015, the CGT charge on non-residents who dispose of UK residential property has stringent compliance obligations. Those taxpayers incurring capital gains tax overseas on assets...

    Capital gains tax - Property gains - Reporting and payment timetable

    Reporting and payment timetableWhere a property gain is made, and is not completely covered by PRR, lettings relief, pre-existing capital losses and/or the annual exemption (£12,300 for 2020/21), there...

    When can selling your home trigger a tax bill?

    From April 2020 if you sell your home changes to capital gains tax private residence relief (PRR) mean that you’re at greater risk of being hit with HMRC penalties. Why, and what are the must-know...

    Help HMRC get ready for 30-day CGT reporting?

    HMRC is looking for agents with clients disposing of UK residential property after 6 April 2020 to test its online service. Is it worth taking part?

    HMRC’s plan to accelerate capital gains tax

    Major changes to the tax regime for gains made from the sale of residential property will take effect from April 2020. They will affect how and when you’re required to report and pay capital...

    HMRC guidance on gains made by non-residents from April 2019 open for comment

    HMRC has drafted guidance on non-resident capital gains for direct and indirect disposals of UK land from April 2019. What do you need to know?

    Should you warn clients off real-time CGT reporting?

    Real-time capital gains tax reporting has been around since 2017, but is little known. It appears to offer a way of reporting gains without needing self-assessment, but why might you advise clients to...

    HMRC’s real-time CGT service - how does it work?

    HMRC is promoting its online system for reporting capital gains and losses. It looks straightforward enough, but some tax advisors are saying that it’s not such a good idea to use it. Who should...