Capital Gains Tax 6th April 2024

Mortgage_advice_please

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.

Ferro

The relevant date is when the sale becomes unconditional between the parties - normally the date that contracts are signed!

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg14260

p00hsticks

Ferro said:

The relevant date is when the sale becomes unconditional between the parties - normally the date that contracts are signed!

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg14260

Or (being pedantic) -  'exchanged' rather than just 'signed'

Ferro

p00hsticks said:

Ferro said:

The relevant date is when the sale becomes unconditional between the parties - normally the date that contracts are signed!

https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg14260

Or (being pedantic) -  'exchanged' rather than just 'signed'

Correct - and correct to be pedantic.