MissC24
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Queries re Capital Gains
Hello, Hoping might be able to help with some capital gains queries. 1. Am I correct that if I made a loss in a property, say originally purchased in 2007 for 100k and sold for 90k in 2014 - as there is no capital gains to pay nothing was to be done re this i.e no reporting or to pay. 2. If I lived at a property for the full time (2.5 years) and sold, am I correct that if met the PRR then again no reporting to be made at all as no capital gains to pay as I should receive full relief as resided and owned property. 3. On any sale of a property as long as I meet the criteria for PRR, am I correct that that I would not need to raise a self assessment or declare this in any way? If you can please confirm, it would be greatly appreciated.