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Posted Tue, 10 Dec 2024 16:58:27 GMT by johnhunter23
Hi, I sold my private residence in June last year and my understanding was that I had no requirement to file a self assessment return at that time as no tax was payable due to private residence relief being applicable (and I was not already filing self assessment returns). Following this, I moved in with my partner in July of last year and as a result, now need to file a self assessment return for 23/24 due to the higher income tax charge on child benefit. When completing my 23/24 return, do I now have to declare the sale of my private residence on the 23/24 tax return even if no tax is due to the private residence relief or should this transaction simply be ignored for the purpose of my self assessment for this year? Thanks,
Posted Wed, 18 Dec 2024 13:40:17 GMT by HMRC Admin 10 Response
Hi
No, you do not need to include this sale in your 2024 Tax Return - please see the following Guidance - Tax when you sell property

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