helene
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when and how to complete CGT paperwork on overseas property sale gain less than CGT allowance
I am a UK resident and use the online self assessment for my tax calculations. I sold my french property a few weeks ago and have worked out that after all the additions and deductions (cost of purchase, cost of sale, improvement expenditure, and period where it was our permanent residence) exchanged at the appropriate rate for the period involved there was a small gain of £2801 which is less than my capital gains tax allowance. My question is when and how should I be reporting on this as it is an overseas property gain which is not liable to capital gains tax (according to the online CGT calculator as it is less than the CGT allowance) and I normally fill out my self assessment online in November/December of the following year. many thanks