9 Kingsmills Road, Inverness, IV2 3JT

01463 239306

image48

Qualified Accountant and Bookkeeping services giving you peace of mind

Qualified Accountant and Bookkeeping services giving you peace of mindQualified Accountant and Bookkeeping services giving you peace of mind

Residential Property – 30 Day Capital Gains Tax Return

Residential Property Gains

For a disposal of residential property with a completion date on or after the 6th April 2020 new rules require a taxpayer to file a Capital Gains Tax Return and pay the tax due within 30 days of completion. 


A disposal includes all transfers of title including gifts and exchanges.


A return is not required if there is no Capital Gains Tax payable, such as where the property has been occupied as a main home for it’s entire period of ownership.


In addition to the 30 Day Capital Gains Tax Return the gain will also need to be reported on the Self -assessment tax return.


Gains arising on the disposal of other assets and Non-Residential property do not get reported on the 30 day return and are only reported on a Self -assessment tax return.


We can:

  • Advise you on Capital Gains Tax and the various reliefs available
  • Prepare the calculations and explain the payments required for a Residential Property 30 Day Capital Gains Tax Return
  • Prepare and file your Self Assessment Tax Return


Contact Us

Drop us a line!

Better yet, see us in person!

We love seeing our customers so feel free to visit during normal business hours.

Message us on WhatsApp

Kelpie Accounting and Tax

IV2 3JT, Inverness, Highland, Scotland, United Kingdom

01463 239306

Hours

Open today

09:00 – 17:00