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Clogged Losses

Answer
Lesley Davison
Posted Fri, 30 Aug 2024 13:46:16 GMT by Lesley Davison
Following the sale of a property ( previously let out ) to a daughter and her spouse, I have calculated the CGT calculation based on the current Market value, as opposed to the slightly discounted value it was sold for. Using the Market value a capital loss has arisen. I have read in a previous thread that clogged losses don't apply if market value has been used, is that correct?
Answer
HMRC Admin 25 Response
Posted Wed, 11 Sep 2024 08:08:21 GMT by HMRC Admin 25 Response
Hi Lesley Davison,
Please refer to:
CG14530 - Consideration for disposal: market value rule
CG14561 - Transactions between connected persons: clogged losses
Thank you. 

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