CGT on the sale of a FHL

I have owned a FHL, as a business, for some years but because of changes to the number of nights it had to be let to be able to operate under the business rates regime, it was no longer profitable. I ceased trading on 31st March 2023 and put the property on the market. The property finally sold two days ago. I have three queries: 1) When do I have to declare the gain and pay the tax to HMRC? 2) Am I eligible to pay tax on the gain at 10% by claiming business asset disposal relief? 3) Can I deduct the expenses incurred (e.g. Council tax) between April 2023 and the date of sale from the capital gain? Any help appreciated. Andrew

Hi,

1. You need to report and pay within 60 days of the sale as it is a residential property.   
2. Yes, you can claim this.   
3. No, these are not allowable expenses against CGT

Thank you.