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  • RE: CGT on sale of foreign property

    Hi, I sold a property in India (joint ownership) in Nov'24 and my share was less than £50000. And i have remitted my share to my UK bank account. I am on full time employement in the UK since last 3 years and pay my income tax here. I have used hmrc exchange rate excel/xml sheets to calculate the price of property at the time of buying and selling. Also, I have used hmrc capital gain tax calculator and it shows taxable gain as zero and tax to pay is also shown as zero. 1.) Do I need to file Capital gain tax return using self assessment ? 2.) If yes, by when ( mm/yy) should I file the self assessment ? Is there any deadline ?
  • Capital Gain Tax - Property in India - Filing Self Assessment

    Hi, I sold a property in India (joint ownership) in Nov'24 and my share was less than £50000. And i have remitted my share to my UK bank account. I am on full time employement in the UK. I have used hmrc exchange rate excel/xml sheets to calculate the price of property at the time of buying and selling. Also, I have used hmrc capital gain tax calculator and it shows taxable gain as zero and tax to pay zero. 1.) Do I need to file Capital gain tax return using self assessment ? 2.) If yes, by when should I file the self assessment ? Is there any deadline ?