{"id":1220,"date":"2021-07-08T04:00:00","date_gmt":"2021-07-08T04:00:00","guid":{"rendered":"im-22095"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T00:00:00","slug":"cgt-on-second-property-sales-30-day-rule","status":"publish","type":"post","link":"https:\/\/ep-accountants.co.uk\/cgt-on-second-property-sales-30-day-rule\/","title":{"rendered":"CGT on second property sales \u2013 30 day rule"},"content":{"rendered":"<p>The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed with effect from 6 April 2020. This change means that any CGT due on the sale of a residential property now needs to be reported and a payment on account of any CGT due made within 30 days of the completion of the transaction.<\/p>\n<p>In practice, this change only applies to the sale of a&nbsp;residential property that does not qualify for Private Residence Relief (PRR). The PRR relief applies to qualifying residential property used wholly as a main family residence.&nbsp;<\/p>\n<p>HMRC has listed the following types of property sales that are affected:<\/p>\n<ul>\n<li>a property that you have not used as your main home;<\/li>\n<li>a holiday home;<\/li>\n<li>a property which you let out for people to live in;<\/li>\n<li>a property that you have inherited and have not used as your main home.<\/li>\n<\/ul>\n<p>There can be penalties and interest charged if CGT due on the sale of a UK property is not paid within 30 days of the sale.&nbsp;<\/p>\n<div style='font-size:smaller' class='im_source'>Source: HM Revenue &#038; Customs   Tue, 06 Jul 2021 00:00:00 +0100<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed with effect from 6 April 2020. This change means that any CGT due on the sale of a residential property now needs to be reported and a<\/p>\n","protected":false},"author":1,"featured_media":1221,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[27],"tags":[],"_links":{"self":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1220"}],"collection":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/comments?post=1220"}],"version-history":[{"count":0,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/1220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media\/1221"}],"wp:attachment":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media?parent=1220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/categories?post=1220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/tags?post=1220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}