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Capital Gains Tax Changes

Capital Gains Tax changes

Capital Gains Tax changes self assessment taxpayers need to know. HMRC is reminding taxpayers that they have until 31 January 2021 to declare any profit made from selling a UK residential property, which was not their main home, during the 2019-20 financial year. Since 6 April 2020 there have been changes to how taxpayers declare … Read more

2020/21 Tax year updates

2020-21 increases tax pensions student loans hourly wage minimum wage

NIC Threshold Rise With the 2020/21 tax year starting on 6th April 2020 we see the NIC threshold rise to £9,500. The personal allowance is set to stay at £12,500. This will result in a cut of £104 for the average full time worker and a cut of £78 for the average self-employed worker. Hourly … Read more

Capital Gains Tax

Capital Gains Tax changes April 2020 elling a house selling a second property

Changes to Capital Gains Tax April 2020 Property owners selling a residential property in the UK are being reminded by HM Revenue and Customs (HMRC) about important deadline changes when paying Capital Gains Tax (CGT). From 6 April 2020, if a UK resident sells a residential property in this country, they’ll now have 30 days … Read more

Capital Gains Tax Deadlines

Capital Gains Tax changes

As from the 6th April 2020, the deadlines for paying Capital Gains Tax (CGT) after selling a property are changing. If you are a UK resident and sell a residential property in the UK you’ll have 30 days to inform HMRC and pay any CGT owed. What is Capital Gains Tax? Capital Gains Tax is … Read more