EllieMay
Joined: 12/7/2023
-
Capital Gains Tax on property and self assessment
Myself and my husband have just sold a second property and are in the process of paying Capital Gains tax of circa £3,000 each. This is to be paid by mid January 2024. The net sale proceeds are £150,000 with a gain of £45,000 divided equalled between us. My husband has a state pension and does not pay tax. I have a state pension and a private pension from which income tax is deducted. I am a basic rate taxpayer The Capital Gains Tax will be paid in full. Do we have to do self assessment returns?