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Late CGT return

Help with appeal

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Client has advised that they (husband and wife) disposed of a property at the end of Oct 2020. No return has been done.

This will be a return each, They are elderly and assumed that they give us info at the end of the tax year. 

Any chance of a successful appeal to what will be £ 400 penalty each at the moment.

Tax will be around £ 3k

Replies (10)

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RLI
By lionofludesch
07th Jun 2021 12:35

I'd have a go but the plain fact is that no one has much of a track record so far.

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By Tax Dragon
07th Jun 2021 13:00

murphy1 wrote:

Any chance of a successful appeal

Only if you put one in.

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Ivor Windybottom
By Ivor Windybottom
07th Jun 2021 14:43

I've not seen HMRC issue penalties at this stage. Seems they are still waiting to see how it goes.

I would only worry about an appeal if that happened, but given new system, poor HMRC communication of it (think HICBC problems for HMRC) and the age of the clients I am sure you will be able to avoid any penalty.

I'd just get the Returns done and see what happens.

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Replying to Ivor Windybottom:
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By Wanderer
07th Jun 2021 14:50

Ivor Windybottom wrote:

I've not seen HMRC issue penalties at this stage. Seems they are still waiting to see how it goes.

I've seen some.
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By SteveHa
07th Jun 2021 14:49

I've tending to send pre-emptive appeals where required (or included it with the Return, if paper).

To date, no penalties charged. Got a new client today specifically to do the CGT Return, 8 months overdue, and I'm still reasonably confident that there will not be a penalty.

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By frankfx
07th Jun 2021 14:51

Your client may want to ask solicitor or conveyancer why they had not alerted their fee paying client to the new reporting regime.

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Replying to frankfx:
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By bernard michael
08th Jun 2021 09:20

frankfx wrote:

Your client may want to ask solicitor or conveyancer why they had not alerted their fee paying client to the new reporting regime.


The answer is because they don't
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By ireallyshouldknowthisbut
07th Jun 2021 15:32

I would simply file an ordinary return and see what happens.

If you file the 30 day reporting now then I think the late paperwork will get fined.

Full disclosure on the white space of course.

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Replying to ireallyshouldknowthisbut:
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By Tax Dragon
07th Jun 2021 15:38
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By Refs1
07th Jun 2021 18:16

Appeal took six months, only one letter but had a successful appeal received only this week!

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