Reporting Gains on UK Property Disposals

Where an individual sells a property in the UK, there may be capital gains tax to pay on any profits realised. However, the way in which the gain gets reported to HMRC is accompanied by a less than straightforward process which depends upon whether the property being sold is residential or commercial and whether the seller is UK resident or overseas resident. This guide helps to provide clarity on what the reporting rules are and is focused on gains made after the 6th April 2020. The rule for gains arising before that are a little different and aren't covered here.