PMG1

We have recently sold the freehold of a property which during the whole period of ownership has been subject to 15 year commercial leases and in the past year a Tenancy at Will. The majority of the property is retail / commercial but a part of the upper floors is suitable for residential use. Residential use is restricted contractually but has been used for periods of time by the tenant and his family or employees. We have never received rent from residential occupants. In this situation does - a residential CGT return need to be made within 60 days for the residential part which would have to based on floor area since it has never attracted any income? -or should the whole be reported as commercial CGT on 24-25 tax return? Thanks PMG