You can make a claim to obtain a refund if no more than three years (36 months) has lapsed between the purchase of the new property and the sale or ‘giving away’ of the old property.
In a series of blogs we will be providing a summary of some of the changes, starting with the personal allowance and marriage allowance.
In the Chancellor’s Budget, he has announced that the personal allowance and income tax rate bands from 6 April 2021 for the next five years will be frozen.
Shortly before the 31 January 2021 filing deadline for 2019-20 self-assessment tax returns, HMRC announced that the late filing penalty of £100 would not be charged to any taxpayer who submits their 2019-20 by 28 February 2021.
From 6 April 2020 the capital gains tax regime on the sale of residential property will be changing. In this blog., Anthony looks at these changes to Capital Gains Tax Calculations and Reporting Requirements.
HMRC have revealed that the amount of capital gains tax and inheritance tax collected in 2018/19 hit record levels.
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