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

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 complaints from ATT members about the operation of the capital gains tax on the UK property service. While it can work well for simple cases where clients are capable of setting up and managing government gateway credentials there are a large number of quirks and oddities within the system which can be frustrating.

With the help of members and HMRC staff over the past two years we have maintained a growing list of these issues and workarounds. This article covers the top 12 issues which we think that readers might find it helpful to know.

Background

As a quick recap since 6 April 2020 any UK resident making a disposal of a UK residential property which...