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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Capital Gains Tax – Individuals (part 5)
Hi,
In the lecture in mentions a POA and return needing to be done for residential properties within 30 days.
However, HMRC states 60 days for selling a property,
https://www.gov.uk/tax-sell-property
Is the lecture referring to if its a persons main residence and has lived rather than a business/inherited asset.
If not what’s the difference please?
Thanks,
Chloe
The rule was 30 days and has been increased to 60 days.
It applies to ANY residencial property where tax is due on a gain
Do I need to use 60 days in the exam for December then? 🙂
I think so. I will use 60 days.
yes use 60