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The UK has introduced special rules as to obligations for UK residents to make returns and pay tax on account within thirty days of the completion of sales etc. of UK residential property. There are rules that are already applicable for non-UK residents. For UK residents who dispose of UK land these obligations apply from 6 April 2020. These rules can apply to individuals, trustees, companies, and others. There are special rules for split years. There are financial penalties for non-compliance which can be significant.

What is covered by the schedule?

• Definitions
• When does a tax return have to be made
• When does a payment on account have to be made
• Exemptions and Reliefs Contents of return
• What is the “Date of Disposal” and what is the date of “Completion”?
• Penalties and Interest