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Posted Mon, 17 Jul 2023 14:21:53 GMT by
I am aware that the sale of an FHL will fall under 'Residential Property' and therefore needs to be declared on a 60 day CGT return, however, I am unclear if I claim BADR, does the tax still need to be paid within 60 days? I presume so..... Thank you
Posted Fri, 21 Jul 2023 15:25:33 GMT by HMRC Admin 5 Response
Hi

Yes.  You have 60 days to report and pay capital gains tax on UK residential properties, even if the were FHL's.  
There is a calculator at Report and pay your Capital Gains Tax
and you can create a capital gains account at Report and pay your Capital Gains Tax

Thank you

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