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ATT to the rescue
Key points
- The CGT for property reporting service is a standalone system not integrated with existing HMRC self-assessment systems which causes issues.
- For taxpayers who come to realise they have overpaid CGT on a property return there are various approaches to reclaim the money.
- If a self-assessment has been filed but a necessary property return has been missed the property return must be filed on paper.
- HMRC has confirmed that it does not charge daily penalties for late property returns.
- Paper forms are not available online and agents have to call HMRC to request them.
- If you are experiencing problems with the service please report them on the agent forum or to your professional body representative.
Ever since the extension of in-year property reporting rules to UK residents in April 2020 (the so called ‘60-day’ rules) we have received a steady stream of...
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