Tax
AAT calls for 30 day CGT reporting limit to be doubled
It said many AAT licensed accountants have ‘expressed their concerns’ about both the ‘incredibly tight timeframe’ for reporting any CGT liability and a ‘widespread lack of awareness’ amongst those selling residential property
The Association of Accounting Technician (AAT) has revealed it is “increasingly concerned” about changes to reporting requirements for Capital Gains Tax (CGT) on residential properties and has called for the new reporting requirements to be doubled from 30 to 60 days.
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