When exactly is CGT payable?

N

ninsaga

Guest
..for any gains made during the tax year are they payable during the tax yr or at the end of the tax year?

ninsaga
 
Hi Ninsaga,

AFAIK, any gains made between January 1st and September 30th of a given year are due to be paid by October 31st of that year. Any subsequent gains made from 31st October up to 31st December of that year are due for payment by January 31st of the following year.

Regards,
 
Disposal of Investment Property

Hi

Signed contract 20 September 2004 for the sale of investment property.

When is the date of disposal?
A- The date the contract was signed or
B- The date I receive the money

If A is the correct answer and I have not received money by 31 October 2004 will the revenue charge interest for late payment?

Michael
 
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