Fi Rich
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RE: CGT on FHL
Thank you... needed clarification on the actual PROCESS online and HOW to find the correct forms - as you mention property disposal form but not how or where to find this and in relation to FHL being treated as a trade for the purpose of using real time submission. The only way I could submit the information within 60 days was to use "Real Time Transaction" submission online and as HFL is treated as a trade and I therefore reported the Sale of the Asset as a 'Sale of Property 'on this real time submission and received a reference code and await email now to make payment -advised would take up to 15 days! I will then report on my self assessment 24-25 available to return after April 2025 which I will then complete any further necessary report on this tax return and claim BADR. Thank you -
CGT on FHL
How to report Capital Gains on FHL property sale November 2024? 1. Can I report and pay on CGT real time transaction as commercial ( FHL classed as a Trade). 2. Can I then claim BADR relief as qualified as FHL over 3 years and sold as a going concern, on my Tax return 2024-2025 ?