HMRC updates guidance on CGT on UK Property returns

Following the publication by HMRC of new manual pages on using the UK Property Reporting Service in December, we are pleased to report that HMRC has now added a further section on the interaction between the UK Property Reporting Service and 2020/21 self-assessment returns. 

The additional guidance can be found in part 3 of HMRC's new manual pages, and covers the following situations: 

  • A taxpayer has paid more CGT on their property return than is ultimately found to be due on completion of the self-assessment return and is now due a refund.  As the UK Property Reporting service is a separate, standalone service, members have reported difficulties in obtaining refunds in these situations and it is likely that for 2020/21 at least, contact will be needed with HMRC to resolve the position. We have asked HMRC if a more straightforward - and ideally automated - approach could be taken for 2021/22 tax returns.
  • A taxpayer has not yet been able to pay the CGT on their Property Return as a payment reference has not yet been issued but is ready to file their 2020/21 tax return. 

We very much welcome any comments from members on the new guidance, particularly on any areas where you feel the guidance is unclear, or if elements are missing, so that we can feed that back to HMRC for future updates to the guidance. Please contact atttechnical [at] with your comments. 

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