Brian Turner
-
RE: Reporting CGT on Overseas Property sale
I am having problems with the CGT part of my Self-Assessment tax return. I have sold a property in Florida and paid US CGT there. When I complete the HMRC return, the CGT tax computation appears to be correct until I add the claim for the CGT tax paid in the States, when, as far as I can tell, the end result is incorrect. I am guessing that I am answering one or more of the questions in the return incorrectly, but do not know which one! Can anyone give me guidance, please, or point me in the right direction? Many thanks. -
Reporting CGT on Overseas Property sale
Hi I am a UK resident and recently sold a property in Florida. My understanding is: 1. I do not have to report or pay the CGT within 60 days as it is not a UK property sale and 2. I report on my self-assessment tax return for the year 2022/23 and pay the tax according to that. Are my understandings correct? Many thanks for your help.