CGT buy to let

[yanagita12]

Hi

We've sold our BTL in July this year.

Is there anything we can do in our 18-19 tax return to minimise our CGT for 19-20?

For instance, could we declare a partial gain in 18-19 and then again in 19-20. Our alternatively annualise the capital gain over our 5 years of ownership?

Many thanks for any help.

[oldjohn41]

Hi there. My understanding is that you cannot do anything in tax years prior to the one you make the gain in (ie sell the property). I was told this some years ago by a tax consultant but I would be interested to know if anybody thinks differently!

[AGoodman]

No. Afraid not