Report on sold oversea property

Hi, I sold/exchange contract the property on 31/10/2023, and I made a loss on that property. 1. Do I need to report the sale/exchange of the property to HMRC? 2. If yes, how can I report the sale of overseas property to HMRC? (2023/24 self-assessment or other?) Thanks.

Hi s991223,
There is no requirement to report losses to HMRC.
But should you wish to, you must delcare the loss either via a Self Asessment tax return or in writing and inlcude supporting calculations.
You have 4 years in which to declare the loss.
Declaring the loss allows the to be carried forward and set against any future capital gains liability.
The address to write to is H.M. Revenue and Customs Self Assessment BX9 1AS.
Thank you.