Accounting Journal

Accounting Journal

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Accounting Journal
Accounting Journal
Reporting residential property gains

Reporting residential property gains

Asif Patel's avatar
Asif Patel
Jun 30, 2024
∙ Paid

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Accounting Journal
Accounting Journal
Reporting residential property gains
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If you make a chargeable gain on the sale of a UK residential property, you will need to report the gain to HMRC within 60 days of the completion date and pay tax on the gain within the same time frame. A chargeable gain may arise if the property that you sell has not been your only or main residence throughout the period that you owned it, or if it is …

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