whats the dead line for cgt on property sold

videoking

isold my empty shop and premises above in october 2007 a year ago i am self employed and do my taxes online have i got till jan 31st 2009 to sort this out because i do it online or have i got to do it by the 31st of this month cheers any help please would be greatly appriciated:eek:

hopon

You've got until the 31st Jan for an online submission. The 31st October deadline only applies to paper returns.

savetilibleed

Blimey - I just thought - I sold my flat in about 1997. I bought it in 1985 so I made some on it. Not a huge amount as the prices slumped before I sold and were on the up again. I got a cheque for about £17000 from the solicitor after the transaction. I was moving into my wife's properly. Should I have paid CGT? Not that I'm keen to you understand!

savetilibleed

It was my main residence and I moved from there, selling it, disposing the mortgage and pocketing the difference. The only ongoing cost is I kept the endowment going as I had no other life cover and was unable to get any other after cancer.

So you think there was no CGT - presumably the solicitor would have told me if there was, but who knows. He turned out to be useless for other matters later on so incompetent was he.

savetilibleed

jimmo wrote: »

Yes. No problem. Just bear in mind that the original question on this thread was about a shop with a flat above which is very different to someone who owns a flat and lives in it.

Yeh sorry - I probably hikacked the thread ever so slightly.:rolleyes: Thanks for you answer all the same.:o