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Posted Thu, 01 Feb 2024 14:23:33 GMT by Amandeep Toor
I am a UK resident and have sold a UK residential property for 300k. The gain is covered by my 6k annual exemption. I do not complete a tax return as I am employed. I understand that a CGT return is not required as there is no tax to pay, but do I need to register for Self Assessment and report this on a tax return? Or write to HMRC? Or do I not need to do anything?
Posted Fri, 02 Feb 2024 14:42:43 GMT by HMRC Admin 2 Response
Hi,

No, you dont need to report this if there is no tax to pay and you dont need to register for Self Assessment.

Thank you.

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