Pay & File - The Residential Property CGT Regime

Introduction

This virtual classroom session will provide you with detailed guidance of the current residential CGT pay and file regime.

Since 6 April 2020, clients have to report gains on residential property to HMRC and pay the CGT within 30 days from sale completion.

What You Will learn

This live and interactive course will cover the following:

• An explanation of the pay and file regime on the sale of UK domestic property where CGT is payable
• Paying and filing within 30 days of completion of sale
• The scope of the charge (not applicable to companies)
• The new online reporting service
• The set off of capital losses
• Case studies
• Application to furnished holiday lettings
• Setting up a capital gains tax on UK property account
• Setting up an agent services account to enable you to do the reporting on behalf of your client

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.