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Posted Wed, 15 May 2024 17:14:06 GMT by Laurajane101
I am selling my buy to let residential property in this tax year (it’s under offer) and if things gonahead with the sale as expected, will be paying the CGT owed within the 60 day period. As my tax code for the year includes the tax I usually pay monthly, how do I change this so I am not paying the tax for the income the property usually generates as it will now be sold. I pay roughly £150 a month so clearly want this back in my pocket rather than get it back in a years time after I’ve completed my return for April 24- April 25. Thanks in advance
Posted Mon, 20 May 2024 10:47:54 GMT by HMRC Admin 19 Response
Hi,

You will need to contact our Self Assessment team to have your tax code updated to reduce or remove the deductions it contains.  

Self Assessment: general enquiries

Thank you.
Posted Mon, 20 May 2024 11:48:46 GMT by Laurajane101
Ok thank you

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