My husband and I are the joint leaseholders of a property which we plan to sell. It is not our home so we will have to pay Capital Gains Tax when it is sold. We submit our income tax returns annually using the paper form as my husband is not a British citizen and we have never been able to successfully verify for online self assessment. The paper forms work well for us in these circumstances.
However, having read the guidance for reporting and paying CGT, it appears you have to have a Gateway iD, which I have, and, of course my husband has not! The available paper form for CGT is for the tax year 2020-21 so is not appropriate. CGT has to be paid within 30days of the completion of the sale so we certainly cannot wait until the end of the next tax year if we sell within the next few months. How will we report and pay this assuming we do sell the property in the next few months? Can I pay it myself as I have a Gateway ID even though it is a jointly held property? Advice would be much appreciated.
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