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CGT Payment Deadlines

CGT Payment Deadline - 15 December 2021

The due dates for payment of capital gains tax (CGT) for the tax year 2021 are as follows:

  • 15 December 2021 for disposals in the period 1 January 2021 to 30 November 2021

  • 31 January 2022 for disposals in December 2021.

Therefore, if an asset was disposed of between 1 January to 30 November 2021 and a chargeable gain arose, any liability to CGT is due for payment by 15 December 2021.

For disposals under an unconditional contract, the date of disposal is the date the contract is signed, not the completion date.

Where the contract is subject to a condition, the date of disposal is the date the condition is satisfied, not the completion date. A contract is conditional if a condition must be satisfied before an obligation to perform the contract arises.

If you require assistance in computing a liability to capital gains tax and/or discharging your preliminary tax obligations, please let us know.

#CGT #CGTPayment #CapitalGainsTax

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