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Sold Primary Residence after a period of absence - CGT help please

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Comments

  • silvercar
    silvercar Posts: 50,944 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    https://forums.moneysavingexpert.com/discussion/comment/81974892#Comment_81974892

    if you haven’t got receipts, use your best estimates. Hmrc can query it if they don’t think it’s reasonable.

    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • LITRG
    LITRG Posts: 181 Organisation Representative
    Ninth Anniversary 100 Posts Name Dropper Photogenic

    Hi, you can find a summary of the various CGT rules of selling your home here: https://www.litrg.org.uk/savings-property/capital-gains-tax/selling-your-home. Hope this helps, Thanks

    “Official Company Representative
    I am an official representative of LITRG (Low Incomes Tax Reform Group) part of the Chartered Institute of Taxation who are an educational charity. We are not part of MSE or HMRC. MSE has given permission for me to post on the Forum but this does NOT imply any form of approval of my organisation or its products by MSE. We can’t give individual advice, but if you require further help, we recommend that you contact a tax adviser, HMRC or one of the tax charities where relevant. You can find more information about where to get help with tax here. If you believe I am posting inappropriately please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"
  • Tomabz
    Tomabz Posts: 16 Forumite
    Seventh Anniversary 10 Posts Name Dropper Combo Breaker
    https://forums.moneysavingexpert.com/discussion/comment/81975142#Comment_81975142

    Thanks, I'll try that. Nothing to lose by trying it I suppose. I will put down the amounts that I know that I spent and hope they accept them without query. I guess we'll see. I have some vague details from Bank Statements, but it's not really definitive.

    Am I right in thinking that, as I have lost, rather than gained, I don't need to report anything within the 60 days after the sale? I'm not sure whether I even need to declare it on the end of year Tax Return for the same reason?

  • Tomabz
    Tomabz Posts: 16 Forumite
    Seventh Anniversary 10 Posts Name Dropper Combo Breaker
    https://forums.moneysavingexpert.com/discussion/comment/81975598#Comment_81975598

    No longer available unfortunately

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