If I understand correctly, a disposal of UK property resulting in CGT (say a second home) now has to be reported, and tax paid on account, within 30 days. A really unlucky person completing on 6 April 2020 would have to report and pay in the next fortnight.
Fortunately I’m not in this position but I can’t find how this is actually achieved. I’ve seen references to it being an online form but I can’t find it. HS292 states it was updated 6/4/20 but doesn’t mention the 30 day period at all for UK residents (it does mention that non-residents are subject to 30 days which is now actively misleading).
Does this mean HMRC have learnt nothing from the NRCGT return debacle and we will see another flurry of tribunal decisions when they impose penalties for returns that weren’t or couldn’t be made?
It seems ridiculous to impose very tight deadlines on individuals and then (a) not tell them and (b) make it impossible to comply.
I may have just missed something but then I can’t be alone.
Osborne Clarke LLP