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Posted Tue, 22 Oct 2024 14:28:43 GMT by anil Gupta
I sold my flat in India and incurred a loss on purchase price. Can I offset it against capital gains made last year from sale proceeds of mutual funds
Posted Tue, 29 Oct 2024 12:04:27 GMT by HMRC Admin 21 Response
Hi,
If you are resident and domicle, yes. if you use the remittance basis, please refer to:
 RDRM31340 - Remittance Basis: Introduction to the Remittance Basis: Comparisons with pre-April 2008 regime: Other changes - capital gains foreign losses.
Thank you.

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