A method of paying capital gains tax. If an asset you own is sold for profit, you either file a Self Assessment by January 31st for the following year or you use the Real Time Capital Gains Tax Service. If you decide to go for the Real Time Capital Gains Tax Service, you’re expected to pay the tax bill within 30 days.
If you sell property, that’s not your primary home, you have to use the Real Time Capital Gains Tax Service. This means you won’t have to file a Self Assessment for that property, and you’ll receive a payment reference number.
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