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Where Taxpayers and Advisers Meet

CGT - When and how do you pay?

ck_uk
Posts: 8
Joined: Wed Jun 10, 2015 4:17 pm

CGT - When and how do you pay?

Postby ck_uk » Mon Feb 22, 2016 2:11 pm

When a property is sold which is eligible for CGT, when and how should you tell HMRC?
Or do you wait for HMRC to send you a bill?
Also, how is the CGT paid? I presume as a lump sum?

Peter D
Posts: 10668
Joined: Wed Aug 06, 2008 3:37 pm

Re: CGT - When and how do you pay?

Postby Peter D » Mon Feb 22, 2016 2:27 pm

It's done in the property pages of a self assessment form which HMRC will send you when you tell them. The actual payment is due by the 31st of January in the year following the FY year you sold the property.
https://www.gov.uk/capital-gains-tax/re ... -gains-tax

Regards Peter

bd6759
Posts: 3107
Joined: Sat Feb 01, 2014 3:26 pm

Re: CGT - When and how do you pay?

Postby bd6759 » Mon Feb 22, 2016 7:53 pm

It's done in the property pages of a self assessment form
I think you mean Capital Gains Tax pages.


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