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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...
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...
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 calculator This calculator has three separate capital gains tax tools; one for sales of land or buildings one for the sale of chattels and other for share sales.How to...
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...
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...
Request to pay capital gains tax in instalments letterFor individuals, capital gains tax is payable by 31 January following the end of the tax year in which the gain occurred, e.g. 31 January 2019...
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 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?
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...