Capital Gains Tax Uk Property Disposal Return Form Pdf

CGT on UK Property: New PPD Return Published

Deadline Approaches for Reporting Sales and Disposals

The deadline for reporting all sales and disposals of UK property or land is approaching, even if you have no tax to pay. The Capital Gains Tax on UK Property PPD return has been published, providing guidance on how to report and pay your Capital Gains Tax (CGT).

Key Points

• The CGT disposal forms for UK property are found by signing into your online HMRC tax account.
• Individuals, trustees, and personal representatives may be required to file a standalone return.
• You must enclose your computations, including details of any allowable expenses, losses, and reliefs.

What's New

The new CGT PPD return includes several changes from previous years, including:

• Clarification on the treatment of disposals made by non-residents.
• Updated guidance on the calculation of allowable expenses.
• A new section for reporting disposals of properties that have been used as a main residence.

Deadline and Penalties

The deadline for filing your CGT PPD return is 31 January 2023. If you miss the deadline, you may be charged a penalty of up to £100 per day.

Get Help

If you need help with completing your CGT PPD return, you can contact HMRC directly or seek professional advice from a tax advisor.