Skip to main content

beta This is a new service – your feedback will help us to improve it.

Reporting on CGT from a property sale

Answer
declanclem Clements
Posted Tue, 03 Dec 2024 21:54:20 GMT by declanclem Clements
I have CGT from a property sale, but I am carrying forward CGT losses from previous years that more than offset the new gain. Using the HMRC calculator tells me that I have nothing to pay. However it is not clear whether I have to report the sale within the 60 day allowance period, since there is a gain that would trigger the reporting requirement before using the carried forward allowances. Please can you advise?
Answer
HMRC Admin 19 Response
Posted Mon, 09 Dec 2024 11:13:36 GMT by HMRC Admin 19 Response
Hi,
Yes, you still need to report it, to show that you are using losses.
Thank you.

You must be signed in to post in this forum.