My wife and I purchased a property that we lived in as our main home for several years and which we later rented out. We now plan to sell it and are concerned in respect to any CGT on its increase in value over the years.
Our accountant has calculated that the years of occupation as a main home, coupled with two yearly CGT allowances more than cover any capital gain liability arising from the years of letting.
Although there is no CGT to pay, Is there nonetheless a requirement to report the transaction to HMRC
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