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7 Apr 2020
Legislation has been enacted to change reporting obligations for residential property gains chargeable on UK resident individuals, trustees and personal representatives. Also introduced is a requirement to make a payment on account of the associated capital gains tax (CGT) liability. For disposals made on or after 6 April 2020:
The new requirements do not apply if a chargeable gain does not arise, for example where the gains are covered by Private Residence Relief.