Overseas property sale with loss and uk property sale with gain in 2023

Hi, I sold a property in Spain in May 23 - the property had a loss of approx 35k in sterling based on purchase/sale price at the prevailing exchange rate of each transaction. I have also sold a btl in October 23 with a profit so it is subject to cgt. Taking into account my loss on the Spanish property my net profit is reduced to 0 across both properties. Do I still need to pay cgt on the uk property within 60 days and then claim back on the tax return or am I exempt as no net profit in tax year 23/24. Thanks

Hi,

As the loss is prior to the UK sale, then the in year losses covers the tax due and the 60 day report doesnt need to be filed. You do need to declare both on your tax return.

Thank you.