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Posted Wed, 05 Jun 2024 09:33:35 GMT by egoz
Hello, Last tax year 2023/2024, I sold my personal use overseas apartment at loss. Do I have to report this sale at loss in my Self Assessment if i don't plan to set off this loss against future capital gains? (I believe 60 days rule doesn't apply to neither sale at loss nor sale of foreign property). I am UK tax resident. Thank you.
Posted Fri, 07 Jun 2024 10:49:08 GMT by HMRC Admin 25 Response
Hi egoz,
If you do not have any future capital gains in which the loss can be set against then no.
If you do wish to report it at a later date, it must be done within 4 years from the tax year in which it arose in order for you to use it.
Thank you. 
 
Posted Fri, 07 Jun 2024 13:55:04 GMT by egoz
Thank you very much HMRC Admin 25!

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