UK residents who sell a residential property in the UK at a gain will begin to be subject to a £100 fine if they do not report disposals within a thirty-day period, tax and advisory firm Blick Rothenberg has warned. 

Robert Pullen, a partner at the firm, advised that rules that were introduced from 6 April 2020 requiring UK resident individuals to report disposals of UK residential property within 30 days were extended due to the coronavirus, but this comes to an end on July 31 and any late filings after Friday will incur a £100 penalty.

Mr Pullen said that “whilst the ini...