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Posted Fri, 12 Jul 2024 08:42:54 GMT by annabuster23
I am gifting a property to my mother. I will need to pay a capital gains bill of about £30,000. Because I am gifting the property, I am unable to pay the full Capital Gain in 60 days. Can I pay in installments?
Posted Mon, 15 Jul 2024 14:56:17 GMT by HMRC Admin 17 Response

Hi .
 
You still need to report the capital gain within 60 days of the completions date. 

Only after you have reported the capital gains tax and you cannot pay the capital tax by the due date,

you will need to Contact our debt management team at 0300 200 3844 to discuss the situation,

as a Time To Pay arrangement is not guaranteed .

Thank you 

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