Skip to main content

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

Capital lose

Answer
New 2024
Posted Thu, 03 Oct 2024 01:27:11 GMT by New 2024
Hi I settled in UK on July 2023 via BNO Visa scheme. In August 2024, I sold my flat in Hong Kong (my main residence ) and lose significant money in the transaction. Do I need to report it in the self assessment tax return for 2023 to 2024? Am I eligible to report capital loss to offset the capital gain from bonds? Thank you
Answer
HMRC Admin 20 Response
Posted Thu, 10 Oct 2024 14:54:33 GMT by HMRC Admin 20 Response
Hi,
As it is your main residence, it is sold at a no gain/no loss for tax purposes so you cannot use the loss.
Thank you.

You must be signed in to post in this forum.