Key Things To Know About Capital Gains Tax

1. Powered By Clear House Accountants Self-Assessment If you’re currently outside the Self- Assessment regime, you don’t need to register for Self-Assessment in order to report a capital gain.  Goverment Gateway You must have or set up a Government Gateway account. HMRC’s Service You can use HMRC’s real-time service if you fall outside the Self-Assessment regime. Key Things to Know About Capital Gains Tax PDF or JPEG  SA Tax Deadline PDF or JPEG copies of all of your calculations must be attached to your submissions. 31st January following the end of the tax year is the deadline for the tax. Report Time Main Benefit Your capital gain can be reported anytime between the date you’ve prepared your capital gain calculations and 31 December following the end of the tax year in which the capital gain took place. The main benefit of this system is that penalties and interest are avoided because of how the system allows for immediate calculation, reporting, and if necessary, payment of capital gains. For more information visit our website at:  https://chacc.co.uk Or email us at: info@chacc.co.uk