PTP TR - Changes to Capital Gains Tax payment for UK property sales from 6 April 2020

Article ID

kba-03721

Article Name

PTP TR - Changes to Capital Gains Tax payment for UK property sales from 6 April 2020

Created Date

19th March 2020

Product

Problem

From 6 April 2020 people will have 30 days following the sale of a residential property to notify HMRC and pay any Capital Gains Tax owed. Will it be possible to file this submission through PTP Tax Platform?

Resolution

At this point in time HMRC have no plans to implement this via third party software providers such as PTP.  HMRC will launch a new online service to report and pay any Capital Gains Tax owed.  More information may be found here https://www.gov.uk/government/news/get-ready-for-changes-to-capital-gains-tax-payment-for-uk-property-sales.