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Posted Wed, 11 Dec 2024 15:07:48 GMT by Griffles
I have just sold a leasehold property and am calculating the CGT on the gain. The property has a long lease of more than 50 years, and the lease is being assigned - it is not a grant of a new lease. Am I correct that this means that CGT should be calculated in the normal way, and no special rules apply to the calculation?
Posted Wed, 18 Dec 2024 12:14:22 GMT by HMRC Admin 19 Response
Hi,
Yes, the normal rules apply. You can see guidance here:
CG70950 - Leases: Grant of long lease out of a freehold or long lease
Thank you.

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