Source link : https://www.mondialnews.com/2025/07/08/unlocking-the-secrets-of-capital-gains-tax-in-the-uk-what-every-investor-must-know/
In this week’s UK Tax Round Up, we focus on the latest developments surrounding Capital Gains Tax (CGT) in the United Kingdom. With ongoing government reviews and potential reforms on the horizon, taxpayers and financial advisors alike are keenly watching for any changes that could impact investment strategies and asset disposals. This article provides a comprehensive overview of recent updates, key legislative amendments, and expert insights to help readers navigate the evolving CGT landscape in the UK.
UK Capital Gains Tax Reforms Impacting Property and Investments
Recent legislative amendments have introduced significant changes to how capital gains tax (CGT) is applied on property and investment assets in the UK. Notably, residential property disposals now face stricter reporting requirements, with a reduced window for submission of CGT returns and payments. This aims to enhance compliance and accelerate revenue collection for HMRC. Additionally, higher-rate CGT thresholds and rates have been adjusted to reflect current economic conditions, impacting both individual and corporate investors. The updated framework necessitates careful planning, especially for those holding diverse investment portfolios or dealing with multiple property transactions within a tax year.
Key reforms include:
- Faster Payment Deadlines: CGT on residential properties must be reported and paid within 60 days post-sale completion.
- Expanded Reporting Criteria: Certain disposals…
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Author : Caleb Wilson
Publish date : 2025-07-08 14:48:00
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