We have previously advised you that from 6 April 2020, UK residents must report and pay any Capital Gains Tax (CGT) due on gains on the disposal of a UK residential property to HMRC within 30 days of completion of the disposal.

Non-UK residents must also report any disposals of UK property or land and if there is tax due, pay their CGT liability within 30 days of completion of the disposal.

HMRC have now launched its new online service to allow customers to do this, which now means that someone disposing of a UK residential property will be able to report and pay the gain within 30 days from completion.

Agents will be able to use the service to act on their client’s behalf.  Some elements of the service won’t be fully implemented until early May.  Until then, you won’t be able to amend returns or send additional ones for the same person and if someone is acting as a capacitor for someone else the service won’t open for them until May.  If this applies, you’ll get a service message that explains the alternative arrangements we have put in place. We expect that this will only affect a small number of people.

Go to GOV.UK for more information.  In the summer we’ll add further enhancements to the service, including automated repayment requests.