Welcome to Stuart Hoare Chartered Accountants...

Friendly, approachable and professional...

Upfront and transparent affordable fees...

Dedicated to helping you succeed...

Offering a free initial consultation...

Contact Us for your free initial consultation, to see how we can help with your accountancy needs.

New Capital Gains Tax Regulations for 2020

by | Feb 10, 2020 | News, Tax | 0 comments

New Capital Gains Tax regulations for 2020 for landlords and property investors, new payment deadlines, rules and reporting.

Because capital gains tax on property is currently paid through your self-assessment tax return, it normally doesn’t need to be paid until the following tax year – so a property sale that incurs CGT in the 2019/2020 tax year doesn’t need to be declared and paid until 31 January 2021.
But from April 2020, sellers of any property that is not your main residence will need to pay the full amount owed within 30 days of the completion of the sale and submit a provisional calculation to HMRC. Failure to pay within 30 days will lead to penalties.
There are also changes in principal private residence and lettings reliefs that need to be considered.

Please Contact Us immediately if this legislation affects you.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Contact Us

Please give us a call to discuss your requirements and arrange your free initial consultation, or complete our contact form and we will get back to you as soon as possible.

023 9225 4404

87 London Road, Cowplain, Waterlooville, Hampshire, PO8 8XB
Monday - Friday, 9:00am-5:30pm

8 + 14 =

Stuart Hoare Chartered Accountants

87 London Road, Cowplain,
Waterlooville, Hampshire, PO8 8XB

Email Icon

Subscribe to our Newsletter

Join our mailing list to receive the latest news and updates from Stuart Hoare and the financial sector in general.

You have Successfully Subscribed!

Pin It on Pinterest