Very useful, thank you. It would be useful to distinguish between, reporting the sale of a property and actually paying the CGT bill. Is it 60 days for reporting? Do we need to wait for HMRC to tell us where and how to pay? This video would be most useful if it actually broke down the mechanisms of what needs to be done when and how.
Great video and no one has addressed the very 1st part on HMRC for Private Residence Relief if you own your home bought and live a property added value too it so for example 1 bed into 2 price has now gone up 70k but you live in there all the time your a higher rate tax payer how would you pay capital gains on the 70k?
Very useful, thank you. It would be useful to distinguish between, reporting the sale of a property and actually paying the CGT bill. Is it 60 days for reporting? Do we need to wait for HMRC to tell us where and how to pay? This video would be most useful if it actually broke down the mechanisms of what needs to be done when and how.
Here is a video on that very point czcams.com/video/sroR7BCLRr4/video.htmlsi=klrVSrv3IEBI1gVL
@@UK-Property-Tax-Accountants Thank you!
@@0runny You are very welcome
Great video and no one has addressed the very 1st part on HMRC for Private Residence Relief if you own your home bought and live a property added value too it so for example 1 bed into 2 price has now gone up 70k but you live in there all the time your a higher rate tax payer how would you pay capital gains on the 70k?
The video is for buy to let. You don’t pay CGT on a home you have always lived in 👍