I've heard about the '30-day rule' for reporting and paying CGT on property sales. Does this still apply, and what are the penalties if I miss the deadline for a UK residential property sale?
Quick Answer
The payment window for Capital Gains Tax on residential property sales is now 60 days from completion. Missing this deadline incurs penalties and daily interest on the unpaid tax.
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Learn about the 60-day deadline for UK residential property CGT payments. Understand penalties for late payment and how the 7.25% interest rate affects investors.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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