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Posted 9 days ago by peterthompson
A UK property will be sold within the 2024-25 tax year; it is jointly owned, a FHL, and qualifies for BADR at the current rate of 10%. I am aware that it needs to be reported by both owners using the online property account form. Do I overwrite the automated calculation and provide a calculation and the amount that I have worked out based on 10% of the capital gain?
Posted 5 days ago by HMRC Admin 25 Response
Hi peterthompson,
On the form it asks if you are claiming other reliefs.
Answer yes and it will then ask further questions, you will put the code BADR and the amount in order to reduce the gain as the system will still tax any gain at 18 or 24%.
Thank you. 

 

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