Bought a property, rented out, Scottish Highlands, cheap, £32k in 2000. Sold this tax year, Date of entry 21/02/2020, £105k (3 beds, views of sea lochs, mountains, within 50 mtrs of stream). Various buying and selling expenses: 1st time ever selling a house that I’d not always lived in.
Am I right that this should be declared with the normal SA return, for tax year 2019/2020, by 31/01/2021?
I am also in process of selling off a further two houses in Scotland, and plan another during tax year 2020-2021. Am I right in think if this happens the CGT need computing and declaring within 30 days of sale ? (So perhaps declared before sale before the 1st, 2019-2020, sale?).
Date of sale in Scotland for tax purposes. Am I right in thinking that is date missives are concluded rather than date of entry when the money changes hand and new owners can move in please?
Regards & thanks in advance
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