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CGT Residential Property Loss & 60 days reporting

Ali Abbas
Posted Fri, 22 Sep 2023 11:07:55 GMT by Ali Abbas
Hi, I need a bit of help in understanding CGT Reporting 60 days rule. Do we have to do the CGT Declaration and report within 60 days even if we have made a loss on residential property? Your help will be much apprecited. Thank you
HMRC Admin 32 Response
Posted Mon, 02 Oct 2023 10:28:00 GMT by HMRC Admin 32 Response
Hi,

If you are UK resident, you do not need to report a loss for UK residential property. If you are not UK resdient, you need to report the sale whether it is a gain or a loss.

Report and pay your Capital Gains Tax

Thank you.

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