TP2491 PEARCE
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RE: UK CGT on Foreign Property Sale
Thank you for your answer. One further question. How do I include (attach?) a completed CGT working sheet, provided on page CGN12 of the CGT summary notes, when submitting a tax return on-line? Thank you. TP (PS. Please ignore the repeat of my initial query posted earlier today ) -
CGT on Foreign Property Sale
Hello My wife and I purchased a new build residential property in Spain in 2004 and sold it (at a loss) in June 2023. Can we include, as part of the cost of acquisition, the 7 % IVA (Spanish VAT) levied on the purchase price in calculating CGT gain (or loss in this case) in our 2023-2024 (UK) tax returns? TP -
UK CGT on Foreign Property Sale
Hello My wife and I purchased a new build residential property in Spain in 2004 and sold it (at a loss) in June 2023. Can we include as an allowable expense the 7 % IVA (Spanish VAT) paid on top of the purchase price against CGT in our 2023-2024 (UK) tax returns? Thanks TP