Sorry but I don't think you are correct there, I have since spent time researching and if the following apply then you DO NOT need to submit the 30 day return:
You will not be required to make a report and make a payment when:
• A legally-binding contract for the sale was made before 6 April 2020 • You qualify for full private residence relief • The sale/disposal was to a spouse/civil partner • The gain, including any other chargeable residential property gains in the same tax year, is within your tax-free allowance (£12,300 in 2020/21) • You sold the property for a loss • The property is outside the UK
|