The payment timings of Capital Gain Tax (CGT) on a disposal of residential property will change from April 2019 according to HMRC's Autumn Statement documents.

  • A payment on account of any tax due will be paid within 30 days of the date of disposal.
  • The government will publish draft legislation for consultation in 2016.

The change will affect taxpayers who make a capital gain on the disposal of residential property and will apply to:

  • Buy-to-let property
  • Second homes where the gain is not covered by private residence relief.

Presumably any balance of tax due will be paid at the normal deadline for self assessment. It is unclear with this measure will also apply to companies.