HMRC Consultation outcome: CGT payment window for residential property gains
Released 6 July 2018
HMRC have published responses to the consultation on the scheme for making payments on account of capital gains tax when disposing of residential property.
In April 2018 the Government published a consultation on a proposed scheme for making payments on account of capital gains tax on gains arising from residential property sales and disposals. It proposed that from April 2020 payments are made within 30 days of the sale or disposal being completed. The responses have been considered and informed the draft provisions published for technical consultation with the aim of legislating the change in Finance Bill 2018-19.