UK residential property CGT payment on account
For a UK-resident individual making a disposal of UK residential property with capital gains tax payable, a UK property return and payment on account are generally due within 60 days after completion. The payment is based on an estimated gain and relevant circumstances; exemptions, reliefs and reporting exceptions must be checked. A later Self Assessment return may still be required and reconciles the final tax position. Non-residents have separate reporting obligations.
Worked example
A UK-resident individual completes a taxable sale of UK residential property on 1 June 2025. Assuming a return and payment are required, both are due within 60 days of completion, by 31 July 2025. The individual also includes the disposal in their Self Assessment return if required.
Common mistake
Applying the former 30-day deadline to a current 2025–26 completion, or assuming the property return always replaces Self Assessment.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | TX (UK) | Supporting | June 2026–June 2027 |
