Property Sales campaign

The Property Sales campaign was an opportunity for you to bring your tax affairs up to date if you have sold a residential property, in the UK or abroad, that’s not your main home. If you made a profit on this type of property sale but have not told HM Revenue & Customs (HMRC), you might not have paid the right amount of tax.

To take advantage of the campaign you needed to send HMRC your disclosure and pay what you owed by 6 September 2013.

Now the deadline has passed, HMRC is using the information it holds to target those who should have made a disclosure and failed to do so.

If you think you should have made a disclosure under this campaign but have missed the deadline call the Campaigns Voluntary Disclosure Helpline now. It will still be beneficial to tell HMRC as the penalties you will pay may be lower than if HMRC approach you first.

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Who could use the Property Sales campaign?

You could use this campaign if you had sold, or disposed of, second or additional residential properties either in the UK or abroad. This includes holiday homes or properties that had previously been let out to tenants. You could also use this campaign if your circumstances meant Capital Gains Tax was due on the sale of your main home. The sale of a main home would normally qualify for Private Residence Relief but in some circumstances the relief is restricted. Where the entitlement to this relief is restricted Capital Gains Tax may be due if you are liable to UK taxes.

Only certain people could use the campaign. It was not for you if you:

  • buy and sell property as a business - these sales are subject to Income Tax rather than Capital Gains Tax
  • needed to disclose a gain made by a trust, company or partnership

Check if you were eligible to use the Property Sales campaign

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What happens after you have made your disclosure?

When HMRC received your disclosure they will have sent you an acknowledgment. If you did not receive an acknowledgement please telephone the Campaigns Voluntary Disclosure Helpline.

HMRC will consider your disclosure. If under the terms of a voluntary disclosure it is accepted as complete and accurate you will get a letter confirming this. If HMRC cannot accept your disclosure for any reason, they will contact you or your adviser, if you have one, to let you know.

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More useful links

Contact the Voluntary Disclosure Helpline

Find out about Private Residence Relief on your own home

How to calculate capital gains and losses on property

Find out how to report a loss to HMRC

Registering for Self Assessment

Capital Gains Tax glossary

Inheritance Tax

Tax free allowances and rates for Capital Gains Tax

Find out what happens if you don't tell HMRC

More information on HMRC campaigns

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