We explain the 60-day capital gains tax return in plain English, handle it correctly, and make sure you claim every relief you are entitled to, all at a fixed fee.
The 60-Day Capital Gains Tax Return
When you sell a residential property that is not your main home, you must report the gain and pay the Capital Gains Tax within 60 days of completion, a tight deadline that many sellers miss, triggering penalties and interest.
We calculate your property gain, prepare and file the 60-day Capital Gains Tax return on time, use every relief and allowance, and make sure the payment is right, so you meet the deadline and avoid penalties.
The 60-day reporting and payment deadline is easy to miss because it runs from completion, not the tax year end, and applies on top of your normal return, so sellers are often caught out and penalised.
The Detail That Matters
When you sell a residential property that is not your main home, you must report the gain and pay the Capital Gains Tax within 60 days of completion, a tight deadline, separate from your normal tax return, that many sellers miss and are penalised for.
The clock runs from completion, not the tax-year end, so you have just 60 days to report and pay the CGT on a residential property sale. Miss it and HMRC charges late-filing penalties on top of the tax.
It applies to residential property not fully covered by Private Residence Relief, a buy-to-let, second home, or inherited property. Your main home, if fully exempt, does not need a 60-day return.
We calculate the gain accurately within the window, deducting all costs and reliefs and applying your annual exemption, so you pay the right amount, and no more, on time.
The 60-day figure is provisional and is reconciled with your annual Self Assessment. We make sure the two tie up and any adjustment is handled correctly.
The 60-day deadline catches many sellers because it runs from completion and is separate from the normal return, so people who expect to deal with it in January find they are already months late and penalised.
Key Figures
How We Help
We prepare and file your 60-day Capital Gains Tax return on time, so you meet the tight deadline and avoid late-filing penalties.
We calculate the gain accurately, applying every relief, cost and allowance, so you pay the correct amount and not a penny more.
We reconcile the 60-day return with your annual Self Assessment so everything ties up and any adjustment is handled correctly.
All the forms, calculations and correspondence handled on your behalf, so you never have to decode HMRC's rules or sit on hold.
A clear fixed fee quoted after a free call, your position explained in plain English, and never a surprise bill.
We act quickly, and where earlier years are involved we put those right too, reclaiming refunds or minimising penalties.
The 60-day deadline catches many property sellers because it runs from completion and is separate from the normal return. Filing on time, with every relief claimed, is what avoids penalties, and we handle it fast.
Recent Client Outcome
A client who had sold a rental property was unaware of the 60-day reporting requirement, and the deadline was approaching.
What we did. We quickly calculated the gain, applied Private Residence Relief for the period they had lived there plus both annual exemptions, filed the 60-day return before the deadline, and reconciled it with their Self Assessment.
The outcome. The return was filed on time, avoiding penalties, with every relief and allowance claimed to keep the tax to a minimum.
Acting fast within the window, with the gain calculated properly, met the deadline and kept the bill down.
Why People Come to Us
Questions Answered
Want us to handle this for you, end to end?
See our Landlord Accountant →Free fifteen-minute call. Fixed quote within twenty-four hours. Your return filed, every expense claimed, your bill explained, and salon VAT, payroll and accounts handled if you own a salon. Same accountant, start to finish.
Or email info@yourtaxhelp.co.uk, we typically respond within two business hours.
📅 Free consultation calls available weekdays 1pm to 3pm and 7pm to 8pm. Pick a slot that suits you.