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Original poster

Capital Gains Tax- do you pay straight away or wait til the end of the tax year?

2 replies

nymphadora · 10/08/2010 08:34

Just accepted an offer on dh flat which he has been letting for a few years. Its never been his proper residence so will be paying CGT on it.

When the money comes to us do we pay the CGT straight away or does it make part of the tax return next year?

OP posts:
riksti · 10/08/2010 10:50

it's paid as part of your tax liability next year. So if you complete now the CGT is payable by 31 Jan 2012.

Original poster
nymphadora · 10/08/2010 14:08

So we just need to put it to one side then?

Thanks

OP posts:
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