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Posted Tue, 23 May 2023 11:23:09 GMT by KT Kung
Hi there, Salary is the only source of income for me in the UK. If I sold my overseas residential property recently, can I use the capital gains tax real time transaction return on UK Gov website to report my capital gain from an overseas property please? Or I still need to report the CGT through self assessment? If so, which form should I use to report? Thank you.
Posted Thu, 25 May 2023 11:24:02 GMT by HMRC Admin 32
Hi,

Yes, you can use the Real Time system.

Capital Gains Tax: what you pay it on, rates and allowances

Thank you.
Posted Fri, 26 May 2023 08:43:30 GMT by KT Kung
Hello, Thanks for your reply. I'd like to clarify if I can only report my capital gain through the real time system and I do not need to complete the self assessment return for this year if I don't have any other income other than my salary. Please correct me if I have misunderstood anything regarding the GCT. Many thanks!
Posted Fri, 26 May 2023 16:45:51 GMT by HMRC Admin 10
Hi
If you have no other reason to complete a tax return, you can use the real time system to declare the gain without having to report again on a return.
Thankyou.

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