From 6 April 2020, the new 30-day reporting and payment window will come into effect for sales of residential property where a capital gains tax (CGT) charge arises. A standalone return will have to be submitted to HMRC within 30 days of completion, along with a payment on account of CGT based on an estimated calculation of the gain.

Disposals made on a no gain/no loss basis (for example, between spouses or civil partners) are excluded from the obligations and they are most likely to affect those selling a second home or rental property on which relief is not available.