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When you sell your property, how long do you have to let HMRC know
Posted: Fri Jan 11, 2019 7:14 pm
by ritz13
Hi Guys
So if we were to sell our property in March 2019, when do we have to let the HMRC know by. And do we have until Jan 31st 2020 to disclose any Capital Gain made in the self-assessment?
Would this be any different if we sold the property mid April 2019?
Thanks
Re: When you sell your property, how long do you have to let HMRC know
Posted: Fri Jan 11, 2019 7:37 pm
by robbob
So if we were to sell our property in March 2019, when do we have to let the HMRC know by.
05/10/19
And do we have until Jan 31st 2020 to disclose any Capital Gain made in the self-assessment?
yes - presuming form is filed online
Would this be any different if we sold the property mid April 2019?
Yes - sale after 5/4/2019 would add 1 year onto above dates as you would be into the next tax year.
Re: When you sell your property, how long do you have to let HMRC know
Posted: Fri Jan 11, 2019 8:07 pm
by bd6759
Bur remember, a property sale takes place on the date when the contracts are exchanged, not the date of completion.
Re: When you sell your property, how long do you have to let HMRC know
Posted: Mon Jan 21, 2019 4:00 pm
by ritz13
Thanks for your help guys
Re: When you sell your property, how long do you have to let HMRC know
Posted: Tue Jan 22, 2019 11:24 pm
by Peter D
Was this a BTL property of did you live there as you home. Regards Peter