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Capital Gains Tax: 60 Day Returns for UK Residential Property

Capital Gains Tax: 60 Day Returns for UK Residential Property

What is it?

You are required by HMRC to calculate the capital gain on the disposal of UK residential property. When you do so, be sure to include any reliefs available to you. Most importantly, remember that this return must be submitted and Capital Gains Tax paid within 60 days of completion of the disposal if there is any tax due; this is for completion dates on or after 27 October 2021.

Who is affected?

This applies to you if you are disposing of a UK residential property that gives rise to a capital gain which exceeds the annual exemption (currently £12,300) and any other available losses. You may also be required to report the disposal of a main residence if it is not fully covered by Private Residence Relief.

What’s at stake?

You must submit the return and ensure any capital gains tax is paid within 60 days of completion to avoid late filing penalties of £100 per return and interest charges. Please note that joint owners must each submit a return. There are also penalties for incorrect returns.

What should I do next?

If you would like our help with a Capital Gains Tax 60 Day Return, please contact  Liz Higgins, our Head of Private Client Tax.


First Published 3 November 2020
Last Updated 1 November 2021

1 November 2021
For disposals that complete on or after 27 October 2021, the reporting and payment deadline has been extended from 30 days to 60 days following the completion of the disposal.

3 November 2020
First published.


This is for information purposes only. No action should be taken without seeking specific professional advice. Thank you.

Find out more about Liz Higgins

Liz Higgins

Liz Higgins

Liz is the Head of Private Client Tax at Critchleys LLP.

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