Disposals to family members

Take care when disposing of an asset to family members as there are rules and exceptions and particular care needs to be taken to avoid falling foul of them.

Payment on account of capital gains tax

From 6 April 2020 new rules apply to residential property gains liable to capital gains tax and from that date, UK residents will be required to make a return and a payment on account of the capital gains tax due within 30 days of the date of disposal of sale.


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