Capital Gains Tax 60-Day Reporting
Urgent CGT compliance for Harrow landlords who have sold a residential property. HMRC requires you to report and pay Capital Gains Tax within 60 days of completion — our specialists handle the entire process before you face penalties.
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Capital Gains Tax 60-Day Reporting: What You Need to Know
Since April 2020, selling a UK residential property triggers a 60-day clock the moment contracts complete. Within that window, you must report the disposal to HMRC through a residential property return and pay the Capital Gains Tax estimated to be due. Miss the deadline and automatic penalties begin — regardless of whether you were aware of the requirement.
This rule catches experienced investors off guard as well as first-time sellers. The 60-day return is separate from your annual Self Assessment — you cannot simply wait until January and include it there. HMRC's systems flag property disposals through Land Registry data, so they know about the sale even if you don't report it.
The time pressure also compresses the planning window. Reliefs need to be identified and applied before the return is filed — private residence relief if the property was ever your home, the annual exempt amount, costs of improvements, and acquisition costs. A specialist working quickly can legitimately reduce your tax bill before the deadline, not just after.
Benefits of Capital Gains Tax 60-Day Reporting
Deadline Compliance, Zero Penalties
Your 60-day return filed within the statutory window, avoiding the automatic £100 penalty and subsequent escalating charges. We can file within 48-72 hours of receiving your completion documents.
Full Relief Identification
Every available relief applied before filing — private residence relief, letting relief where applicable, annual exempt amount, improvement costs, and disposal expenses. Many landlords overpay by not knowing what's available.
Accurate Gain Calculation
Precise calculation of acquisition costs, enhancement expenditure, legal fees, estate agent costs, and applicable reliefs. Errors in CGT calculations attract HMRC attention and penalties for inaccuracy.
Self Assessment Coordination
Your 60-day return is coordinated with your annual Self Assessment to avoid double-counting and ensure any CGT payment on account is correctly offset at the year end.
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Who Needs Capital Gains Tax 60-Day Reporting?
Landlords who need 60-day CGT reporting assistance:
- Landlords who have just exchanged or completed on a buy-to-let property sale
- Investors disposing of properties that were previously their main residence
- Landlords who missed the 60-day deadline and need to file late to limit penalties
- Portfolio investors disposing of multiple properties in the same tax year
- Trustees or personal representatives selling residential properties from an estate
How the Process Works
Completion Documents Review
We review your completion statement, original purchase documents, and records of any improvement works. This establishes the base cost and all deductible disposal costs for the gain calculation.
Relief Assessment
Every potentially applicable relief is assessed against your circumstances — private residence relief periods, letting history, annual exempt amount, and any other available deductions.
Gain Calculation and Tax Estimate
Your chargeable gain and estimated CGT liability calculated accurately. We advise on the payment amount and ensure you have funds available to meet the deadline.
Return Filing and Confirmation
Your residential property return filed through HMRC's system within the 60-day window. We provide confirmation of filing and retain records for your annual Self Assessment.
Capital Gains Tax 60-Day Reporting Pricing Guide
Prices vary depending on portfolio size and complexity. Below are typical costs from landlord accountants in our network.
| Service Type | Price Range |
|---|---|
Annual Tax Return Preparation | £300 to £800 |
What's Included in the Price
- Complete return preparation, expense optimisation, HMRC correspondence
- Tax impact analysis, incorporation feasibility, implementation planning
- Company formation, incorporation relief planning, ongoing compliance setup
- 60-day reporting, CGT calculation, relief optimisation, HMRC filing
- NRL applications, quarterly monitoring, annual returns, HMRC liaison
- Multi-tenancy accounting, licensing compliance, capital allowances, council liaison
0% Finance Available
0% financing available through selected accountants. Subject to approval.
Capital Gains Tax 60-Day Reporting FAQs
What Harrow Landlords Say
“My accountant helped me navigate the Section 24 mortgage interest restrictions on my three Pinner properties. They recommended incorporation which saved me thousands in tax and the process was seamless.”
“Setting up a property company for my Stanmore portfolio was complex but my matched accountant handled everything perfectly. They understood the local market dynamics and structured everything for maximum tax efficiency.”
“Converting my Victorian house near Harrow-on-the-Hill station into an HMO required specialist accounting knowledge. My accountant understood the licensing requirements and set up proper bookkeeping systems from day one.”