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Posted Thu, 07 Dec 2023 09:00:57 GMT by
Hi, I’m thinking about selling my property abroad. My gain will be above £6k but sales proceeds won’t exceed £50k. I’m a bit confused by: The measure also fixes the CGT proceeds reporting limit at £50,000. - does it mean I don’t need to report it although my gain is above £6k? https://www.gov.uk/government/publications/reducing-the-annual-exempt-amount-for-capital-gains-tax/capital-gains-tax-annual-exempt-amount
Posted Fri, 08 Dec 2023 16:31:34 GMT by HMRC Admin 25 Response
Hi Tomson,
As the actual gain is over £6k, yes you need to report it.
Thank you. 

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