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New Capital Gains Tax rules on sale of Residential Properties#AskAMS

Watch out if you sell a property after 6th April 2020!

In April 2020 there will be a huge change to the rules for Capital Gains Tax. If you are a UK resident and selling a residential property on or after 6th April 2020, any Capital Gains Tax due will have to be calculated and paid to HMRC within 30 days of the sale! This is a change from the current process which treats it as part of your Self-Assessment Tax Return.


AMS Accountancy Swindon and Wiltshire

AMS Accountancy Ltd

AMS Accountants in Swindon provide a complete accountancy service for small businesses in Wiltshire and a monthly accountancy service for contractors throughout the UK.

Delta 606, Welton Road, Swindon, SN5 7XF

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