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Self assessment (on-line) - Capital gains tax allowance

David Selwood
Posted Sun, 28 Jul 2024 22:49:41 GMT by David Selwood
I am in the process of filing my 2023/24 self-assessment online regarding the sale of a second property. The capital gains section and calculations do not appear to take account of the capital gains tax allowance. The CGT allowance for 2023/24 is £6,000. Please, what should I do?
HMRC Admin 32 Response
Posted Thu, 01 Aug 2024 14:04:20 GMT by HMRC Admin 32 Response
Hi,
If selling a 2nd property, the capital gains allowance will have already been used on the frst one. It is one annual allowance and not per transaction.
Thank you.

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