Kay Fraser
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RE: Reporting UK property gain and Foreign property loss
Thank you for your response, appreciated. -
Reporting UK property gain and Foreign property loss
Hi, We sold a holiday home in France in December 2023 which resulted in a capital loss. We will complete on the sale of a second home in the UK in March 2024 which will have a capital gain. When we complete the CGT submission for the UK property gain, can we submit details of the French capital loss on the same CGT return so these can be netted against each other? Am I correct that we will still need to report both the foreign loss and UK gain on our 2023/24 self assessment return?