HMRC trials online CGT payment system for 30-day change
The payment window for capital gains tax (CGT) on the sale of second homes and buy-to-let residential properties is being cut to 30 days.
HMRC is trialling a digital payment process and is asking tax advisers and their clients to test the system before it goes live this April. This will allow people to report and pay their CGT property disposal liability online.
Read more at the Accountancy Daily.