J Singh
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Capital Gain on Residential property
Hi I have just sold a house, not my PPR, and have realised a gain. I currently have losses carried forward from previous years that totally offset the gain. Do I still have to submit a capital gains tax return within 60 days of completion or can I wait till I complete my tax return for the year? Thanks -
Capital Gains on Residential Property
Hi I have made a gain on selling a residential property and need to submit a return within 60 days. However I have capital losses brought forward that can be used which would wipe out any gain. Do I still need to submit a return within 60 days or just report as part of my yearly return? Thanks