Understanding Self-Assessment Tax: FAQs for Landlords in the UK
If you own a rental property and your rental income is more than £1000 a year, you will need to file a Self-Assessment Tax Return.
CGT Late Filing Penalties
Reporting Capital Gains Tax (CGT) on UK property sales within 60 days of completion is crucial. Late filing incurs penalties, including initial fines, daily charges, and additional penalties based on estimated tax liability. Rates can vary based on behavior, with...
