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Posted Sat, 11 May 2024 06:44:04 GMT by ncadman2
Last year I sold 2 buy to let properties. They were sold at a loss compared to original purchase price, and were each sold for less than £50,000. I believe no CGT is due, however do they need to be included on the self assessment tax return? I see something about a 50k limit, which each property is under, but I did sell two and wasn't sure if it was a cumulative amount?
Posted Thu, 16 May 2024 12:55:38 GMT by HMRC Admin 20
Hi ncadman2,
If you already complete a tax return yes as the combined sale will be over 50k, this will also allow you to notify HMRC of any capital losses that can be carried forward to be used at a later date if required.
Thank you.

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