aksche2024

Hello, I am trying to understand a situation that I have recently been made aware of. In 2017 I sold a freehold land in a foreign country and I made a profit. The country does not have any capital gains tax but I did not know that I needed to declare it my self-assessment in the UK in 2018. I need to declare it now but want to understand the impact in terms of penalties and late interest charges that the UK will charge me. This has me worried, any advice would be helpful. thanks in advance.