Client has just sold a rental property and we are looking at preparing the 30 day CGT return.
The CGT is likely to be around 10,000.
Client's preference is just to wait until early May and include it on his normal tax return and pay the £100 fine.
Is it okay to do this and just put it on the annual SATR or will HMRC still expect the CGT return as well.
Reading HMRCs guidance it seems that so long as the CGT is reported and paid within 6 months then the only penalty will be the £100 penalty for not doing the CGT return within 30 days (plus some interest on the CGT payable). Is that correct? (There are no daily penalties if 90 days late as with self assessment and no 5% payment penalties so long as the CGT is paid within 6 months pof completion of the sale).