New CGT Tax Change for Buy-to-Let Landlords
Changes to the capital gains tax payment rules could mean they people selling buy-to-let properties could face financial penalties - that they may not be aware of. CGT Tax Changes From 6th April 2020, individuals that sell a residential property that have a capital gain where CGT is payable, will be required to make a digital return to HMRC and to pay and estimate of the CGT within 30 days from the sale completing. This means that people can no longer keep money in their hands for up to 22 months after selling the property. What Are the Disadvantages? April is not far away, and...
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