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Where Taxpayers and Advisers Meet

Property Return

steven13
Posts:28
Joined:Sat Nov 11, 2017 3:32 pm
Property Return

Postby steven13 » Fri Aug 06, 2021 10:16 am

Do you still have to complete a Property Return within 30 days in relation to a property sale which was originally my private residence but then let out but the taxable gain falls below the Annual Exemption?

Jholm
Posts:360
Joined:Mon Mar 11, 2019 4:22 pm

Re: Property Return

Postby Jholm » Fri Aug 06, 2021 12:30 pm

No, only if tax is due

pawncob
Posts:5090
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Property Return

Postby pawncob » Fri Aug 06, 2021 12:40 pm

Maybe.
https://www.gov.uk/capital-gains-tax/work-out-need-to-pay
With a pinch of salt take what I say, but don't exceed your RDA


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