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Posted Sun, 28 Jan 2024 17:38:05 GMT by
Did all property income cease question in the tax year 6 April 2023 to 5th April 2023, If yes consider if you need to fill in the capital gains summary page [optional] ----- My last ever tenant left Nov 22 however I didn't sell the property until October 2024 at Auction at a loss. so property income ceased -November 2022. Only expenses from that date, My question is do I bring all expenses and capital loss from this current tax year relating to the property to tax year 6 April 2023 to 5th April 2023.
Posted Thu, 01 Feb 2024 11:44:23 GMT by HMRC Admin 5 Response
Hi

No. You will only declare the rental income and expenses up to the date the tenant left. If you then have a loss for your rental income this is now lost.
As the property has been sold at a loss, there is no need to declare the sale if it was a UK property. If sold for more than £24000, you will still show this on your 23/24 tax return in order to report the capital losses that can be carried forward.

Thank you

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