Thinking of selling your second property before the capital gains tax rates change after 5 April 2023?

housesale

We are still coming across instances of clients who are unaware of the requirement to report the sale of a residential property which is not their main residence, within 60 days of completion. In addition to reporting the capital gain, any tax due must also be paid within 60 days.

 

There are penalties for non-compliance and late payment.

 

If you are considering the sale of a property, please either contact the Director looking after your affairs or Martin Day our Tax Manager.