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Reporting the sale of a residential property



Answer
shirley crowther
Posted Mon, 09 Dec 2024 17:21:33 GMT by shirley crowther
Is it necessary to report the sale of a residential property (not my prime residence) if there the financial gain is within the CGT allowance or one has made a loss?
Answer
HMRC Admin 17 Response
Posted Mon, 16 Dec 2024 08:36:24 GMT by HMRC Admin 17 Response

Hi ,
 
If you are UK resident and the property is located in the UK, then you do not have to report the disposal of the property,
as there is no gain.

 It is up to you if you want to claim for losses to carry forward. 

If you are not UK resident and it was a UK property, you have to declare the disposal within 60 days of the completion date in all cases.

Thank you .

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