Deadline for Reporting Capital Gains tax - Do I have to report them with the Self assessment Tax Return?
How and when you report the capital gains depends on the type of gain you have made. Each time you sell something on which you are liable to pay Capital Gains Tax you have to report it to HMRC. There are different reporting rules in the following situations: If you have sold the property in the UK on or after 27 Oct 2021 If you sold the property and the completion date was 6 April 2020 and 26 Oct 2021. If you sold some other assets such as personal possessions such as jewellery , antiques provided they are £ 6000 or more, shares which you are supposed to pay capital gains tax. You do not pay capital gains tax if you sold your car unless you used it for the business. If you sold the property in the UK on or after 27 Oct 2021. You will have to report and pay any tax due on the UK property within 60 days if the completion was on or after 27 Oct 2021. This means you should report it by 31 Dec 2021 . If you don't do this on time you will get a penalty from HMRC. If you sold the prope