We have three levels of ProActivTax membership to meet your needs and budget.
Anyone selling residential property should be aware of the new tax rules.
It is reported HMRC have collected over £1.3M in fines for the last 6 months of 2020 in respect of Capital Gains Tax residential property returns not submitted within the filing deadline.
Where a residential property is disposed of and a chargeable gain arises, the seller is required to
The deadline was 30 days if the sale completed prior to 27 October 2021.
We have been hearing numerous stories of clients falling foul of the new rules, including;
Please do keep telling your clients and prospects about the rules regarding the disposal of residential properties.
It is worth approaching other professionals such as conveyancing solicitors and ensure they are aware and refer clients to you or their own accountant.
Within our Residential Property CGT review resource there are lots of flyers, news articles, emails, videos and more to help you raise awareness and make sure your clients and prospects know
There is also guidance, price resource, flyers and more to use with other professionals.
The marketing material will help encourage owners to contact you in advance of the disposal of any UK residential property.
The resource will also help you
There may be tax to pay, and a return required within 60 days (even if gifting the property).
Failure to pay the tax and submit the return could result in penalties.
Login first to our website before clicking on Residential Property CGT review resource.
Find out how ProActivTax are helping accountants across the UK become more successful with tax
Remember there is no committment and you can cancel your membership at any time.