When do I need to pay Capital Gain Tax (CGT)?

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For 2009 and subsequent years the tax year is divided into a set of 2 periods for CGT payment purposes:

1.Initial Period, for disposals between 1 January-30 November

You must pay CGT by 15 December of the same year.

2. The later period, Disposals between 1 December- 31 December

You must pay CGT by 31 January of the next year.

For disposals made under a written contract, the time of disposal is usually the date of the contract.

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