Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

CGT on UK property service – 12 points advisers need to know

06 September 2022 / Helen Thornley
Issue: 4855 / Categories: Comment & Analysis
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...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon