Where this fits
Speak to us while the sale is still being arranged.
Sunny Bharj
Independent Financial Adviser
Tony Springer
Independent Financial Adviser
Within 60 days of completing the sale of UK residential property, through a separate return. The deadline runs from completion and not from exchange, and interest and penalties follow a late return.
Since 6 April 2025 residential property is charged at the same rates as everything else: 18% within your remaining basic rate band and 24% above it. The separate, higher residential rate that applied for years has gone.
Because the gain is stacked on top of your income for the year, a large property gain can fall mostly into the 24% band. Costs of buying, selling and certain improvements come off the gain, and so does your annual exemption if you have not used it.
The 60 days run from completion, which can be weeks after exchange.
There is no payment to make, and you should still claim the loss so it is available against future gains. The claim deadline is four years from the end of the tax year of the disposal.
Where you complete a self assessment return you include the disposal there as well, and the tax already paid is credited.
No, from completion. Exchange and completion can be weeks apart.
Private residence relief covers the period you lived there, plus a final period of ownership. The chargeable part is apportioned.
Speak to us while the sale is still being arranged.
Independent Financial Adviser
Independent Financial Adviser
Your first call is with an Account Manager and is at no cost to you. Tell us what is on your mind: a pension you have lost track of, a fixed rate ending, a will you keep meaning to write.