This covers disposals of UK property and applies where exchange of contracts on or after 6 April 2020. There is a requirement to file a return and pay estimate within 30 days of completion of disposal.
There has been an announcement of a soft landing, so no automatic penalties for late filing for returns as long as they are in fact filed by 31 July 2020
Late payment interest will still run from the statutory date of 30 days after exchange of contracts
Note that this does not cover most property transactions as there is no requirement to make return if not tax payable. This would be the case where
- the gain is exempt, for example for a main residence
- the gain falls within the annual exemption
- the gain is covered by losses
- etc