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Capital Gains Tax 6th April 2024
Mortgage_advice_please
Posts: 12 Forumite
in Cutting tax
If selling a flat which was a buy to let, to avoid paying more tax and make the most of the £6000 allowance, do i need to have filed a CGT form with the HM Revenue and just inform them, or do i need to have paid the monies by the 6th April 24? Or is that i just need to have completed the sale? I was told that the allowance reduces to £3000 post 6th April 24 hence the question. Thanks for any help.
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Comments
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The relevant date is when the sale becomes unconditional between the parties - normally the date that contracts are signed!0
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Or (being pedantic) - 'exchanged' rather than just 'signed'[Deleted User] said:The relevant date is when the sale becomes unconditional between the parties - normally the date that contracts are signed!0 -
Correct - and correct to be pedantic.p00hsticks said:
Or (being pedantic) - 'exchanged' rather than just 'signed'[Deleted User] said:The relevant date is when the sale becomes unconditional between the parties - normally the date that contracts are signed!0
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