Bubble Squeak

I sold a second property in 24/25 and am about to complete the online CGT return. I have a letter from HMRC, from 2012, confirming losses to carry forward of £28,000. I made gains, in each case below the personal CGT allowance for the respective tax years, as follows: 21/22 - £12,200 22/23 - £11.900 23/24 - £3,000 I now need to state my losses b/f for the calculation I need to do now in respect of the sale of the second property. Is my figure for losses b/f equal to: EITHER (A): 28,000 - 12,200 - 11,900 - 3,000 = 900 OR (B): 28,000, on the basis that each of the three losses for the three tax years stated was below the personal CGT allowance for the respective year? Thank you.

We split our time between home A and home B. Both are presently on the market and an offer has been accepted on B. Property A is likely to take a long time to sell. We aim ultimately to purchase property C and then live in C as our sole property. We have had an offer to purchase C accepted, and plan to purchase C simultaneously with selling B, but whilst A remains for sale. Q : when we purchase C (simultaneously with selling B, but whilst we still own - but are trying to sell - A) will we have to pay the second home rate of SDLT (i.e. currently +3%)? If so, will we be able to claim a refund of the additional SDLT paid when we finally sell property A?

We own two homes, A & B. Over the years we have split our time between A & B. Both are presently up for sale as ill health has caused us to rethink our way of life. We plan to dispose of A & B and purchase C, which will become our sole property. We have a letter from HMRC dated 2007 which confirms our election made to HMRC at that time that A should be regarded as our main home for CGT purposes. Q1: will this 2007 letter still be regarded as in force? Q2: if, as is almost certain, B sells before A, should we pay CGT on the capital gain on B only, regarding B as our second home? Q3: we intend purchase C simultaneously with selling B, on the basis that A is likely to take a long time to sell. When A does finally sell, we will at that time own A and C, but will have been trying to sell A throughout (from Aug 2024, in fact). Can you confirm that there will be no CGT liability when A finally sells?