hannah peggy
Joined: 8/30/2024
-
CGT on two properties - one making loss one making gain
I have just sold my late mother's home, which I am about to complete the CGT process for, and will pay CGT for the gain which is over the threshold. In around six weeks time, I will also sell my late father's home, which will make a loss. Can you tell me whether the gain made on the first will be offset by the loss made on the second, or whether they are treated independently? And is the process of declaring CGT the same for both properties?