Many taxpayers with gains to declare from UK residential property have failed to report and pay the capital gains tax on time for the 2021/22 tax year ...
The Capital Gains Tax 30-day reporting and payment system for UK residential property started on the 6th of April 2020, in the middle of the COVID-19 pandemic, with little fanfare from HMRC!
The filing period was doubled to 60-days and late filing penalties for missing the 30-day deadline were waived for the first three months, however, from the 27th of October 2021, the number of taxpayers who missed the deadline started to grow.
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