M+A Partners HomeReporting Capital Gains on UK residential property disposals

Reporting Capital Gains on UK residential property disposals

Applicable to: UK Resident individuals, trustees and personal representatives

Effective from: 6 April 2020

Legislation is due to come into effect on 6 April 2020 regarding the reporting of property capital gains. Contracts exchanging on or after this date for UK residential property, where there is a capital gain, will require reporting within 30 days of completion.

We recommend that you consider how this potential change will affect your working practices and the ways in which you can prepare for the new legislation.

M+A Partners is well placed to help you with this. We have set up a dedicated email address:

residentialcgt@mapartners.co.uk 

to ensure that one of our team of tax professionals can respond promptly to your enquiry and discuss your requirements; so please do not hesitate to get in touch.

Once the implementation timetable is better understood, we intend to run a series of short seminars to outline the detail of these changes and also to provide an update on the scheduled adjustments to CGT private residence and lettings relief.

Please register your interest in one of our seminars by emailing residentialcgt@mapartners.co.uk and we will ensure you receive advance notice and priority booking.

Capital Gains on UK Residential Property Disposals

Our
Experts

Clare Goodswen
Partner
BIO
Clare joined M+A Partners as Director of Personal Taxation and Private Client Services in 2008, having trained as an accountant with another firm. She specialised in private client work in 2001 and qualified as a Chartered Tax Adviser in 2005, taking the top spot in East Anglia.

Clare’s areas of specialism include all aspects of income tax, capital gains tax, and inheritance tax, with a particular focus on complex tax planning, high-net wealth individuals, and tax planning using trusts. She is well known in Norwich for her client-focused approach to tax planning and her ability to provide effective solutions to minimise personal tax liabilities.

Clare says “Having trained as an accountant before specialising in tax helps me to provide a commercial approach to the constantly changing challenges that face our clients when planning their tax affairs”.

Clare is a member of the committee for the local branch of the Chartered Institute of Tax.

Clare is also:

Chairman of the East Anglian branch of The Chartered Institute of Tax; Committee Member of Norfolk Professionals Joint Institutes
EXPERTISE
  • Accounting Services
  • Personal Taxation and Private Client
  • VAT
CONTACT
Tessa Morgan
Director of Private Client Services
BIO
Tessa trained and qualified as a Chartered Accountant in general practice before specialising in private client work.

She joined M+A Partners in 2010 bringing with her a wealth of experience in personal tax compliance and planning work.
EXPERTISE
  • Accounting Services
  • Corporate Taxation
  • Personal Taxation and Private Client
CONTACT
Sam Holloway
Senior Tax Manager
BIO
Sam joined M+A Partners in July 2008 after obtaining a degree in accounting and finance at the University of East Anglia.

Sam has since gone on to qualify as a Chartered Tax Adviser and is now one of our Senior Tax Managers. He is able to give specialist advice in matters concerning corporation tax, income tax, capital gains tax and stamp duty land tax. His current clients include individuals, companies, partnerships and sole traders with a focus on tax planning.

As a landlord, Sam has a keen interest in property related businesses whether held personally, in a partnership or in a corporate structure and advises many of our clients with property income.

Sam takes a straight talking approach to the advice he gives, getting to the point, and he likes to stay in contact with his clients regularly. He says: ‘Emails and letters are a great way to stay in contact, but sometimes it is about picking up the phone and speaking to your clients to get an understanding of how they are getting on, what challenges they are facing and how tax is impacting their business’.
EXPERTISE
  • Business Startups
  • Corporate Taxation
  • Personal Taxation and Private Client
CONTACT
OUR TEAM