Deadline extension for Capital Gains Tax (CGT)
Despite previous talk of Capital Gains Tax reform, the only change confirmed by Chancellor Rishi Sunak’s Autumn Budget 2021 speech is an extension of reporting and payment deadlines.
From 27th October 2021, if you sell a property in the UK, then you’ll have 60 days from the date of completion to report your gains and pay the tax. The deadline was previously 30 days, which is a tight turnaround for most taxpayers (and unfortunately still applies to sales before the change).