30/10/2026
If you’re selling a UK residential property, it’s important to understand whether Capital Gains Tax (CGT) may be due and what reporting requirements apply.
If you make a taxable gain on a property that isn’t fully covered by Private Residence Relief, you will usually need to report the sale to HMRC and pay any CGT owed within 60 days of completion.
This deadline can apply even if you don’t normally need to complete a Self Assessment tax return.
📌 What should you consider?
* Whether you’ve made a taxable gain on the sale.
* Whether any reliefs or allowances may be available.
* Whether you need to report the disposal to HMRC within 60 days.
* How much tax may be payable and when it needs to be paid.
Leaving things until after completion could mean missing an important deadline, so it’s worth seeking advice early in the process.
If you’re planning to sell a property and would like advice on the potential tax implications, the team at Ashdown Hurrey would be happy to help.