Craig Simpson , Tax partner at Bates Weston, looks at the recommendations made by the OTS’ first report on the Capital Gains Tax review requested by the Chancellor.
Capital Gains Tax overhaul expected following Capital Gains Tax Review
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CGT
CGT
Capital Gains Tax Review – is an increase on the way?
Craig Simpson, Tax Partner at Bates Weston considers whether an increase in Capital Gains Tax is on the way, following the Chancellor’s request for a review of Capital Gains Tax in a letter to the Office for Tax Simplification.
CGT due within 30 days of completion on residential sales
From April 2020 when you sell your home, if CGT (Capital Gains Tax) is due, you will need to calculate and pay it within 30 days of completion.
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