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Gains on UK Residential Property

GAINS ON UK RESIDENTIAL PROPERTY

Reporting and paying capital gains tax within 30 days.

Earlier this year, a new rule requiring capital gains tax on UK residential property to be reported and paid to HMRC within 30 days kicked in.

This ushered in another change to tax rules affecting residential property owners, which seeks to raise more tax from the disposal of additional homes and to collect this tax quicker.

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