Back

⚠️ Hey, you are using an outdated web browser.
TaxScouts might not work with your browser. Upgrade here

Let us sort your Self Assessment online. £119, all in. Learn more

Real Time Capital Gains Tax Service

The Real Time Capital Gains Tax Service is one of the two ways through which you can pay your Capital Gains Tax (CGT) bill.

Basically, if you sell an asset (property, shares, art, cryptocurrencies, etc.) for a profit, you have two options:

What you need to know about the Real Time Capital Gains Tax Service

Starting from April 2020, all UK tax residents who sell property for a profit (except, of course, your home) have to use only the Real Time Capital Gains Tax Service.

If you use the real time service:

  • you’ll get a payment reference number instead of a UTR
  • you won’t have to file a Self Assessment tax return every year – unless your income changes significantly during the year (there are different CGT rates if your income is under or over £50,000), or if you have another reason to file a tax return (for example, you earned rental income)
  • but you need to pay your CGT bill within 30 days.

Hey there! We really hope this article helped you. Tax matters can be a dreadful topic at times. We know. That's why we started TaxScouts.
A stress-free way to getting your taxes done.

Have a minute? See how it works

More guides & useful information

Related terms

Let us sort your Self Assessment online. £119, all in.

That’s right. No matter how complicated it gets or why you need to do a return in the first place, it’ll cost £119 to get it done. That includes VAT, last-minute changes and all the support you may need.

How TaxScouts works

Answer a few simple questions

And we mean a few. After a couple of minutes of answering questions online we’ll have everything we need to start preparing your tax return.

Then get paired with a tax return accountant

That’s right, you’ll be matched with a real certified accountant who is best suited to prepare your return. Plus, they’re on hand for questions whenever you need.

We file your Self Assessment for you

Once you’ve signed off your return, your TaxScouts accountant will submit your return with HMRC for you.

That’s it! We told you it was simple.