Hi Simon Just paid CGT on a rental property that has recently sold (Sept 2025). The property stood still since Sept 2023 and self assessment has been filled for 2023-2024. Confusion lies now around if another self assessment needs to be completed now that the property has sold for 2024-2025 or last years amended as on the capital gains acknowledgment it says 'You’ll need to provide details from this return in your Self Assessment tax return'. On the SA return for 2023-2024 I did tick that the property was no longer being rented? Really confusing, HMRC don't make anything easy.
Hi Simon. Selling a property and my capital gain after deducting the purchase and sale costs will take me into the higher rate tax bracket (even though I have no income this year). Will I pay 28% on everything over £12300 or will I pay 18% between £12300 and £50270 and 28% on the gain above that? Thank you
Hi Simon Just paid CGT on a rental property that has recently sold (Sept 2025). The property stood still since Sept 2023 and self assessment has been filled for 2023-2024. Confusion lies now around if another self assessment needs to be completed now that the property has sold for 2024-2025 or last years amended as on the capital gains acknowledgment it says 'You’ll need to provide details from this return in your Self Assessment tax return'. On the SA return for 2023-2024 I did tick that the property was no longer being rented? Really confusing, HMRC don't make anything easy.
thank you very interesting
Hi Simon. Selling a property and my capital gain after deducting the purchase and sale costs will take me into the higher rate tax bracket (even though I have no income this year). Will I pay 28% on everything over £12300 or will I pay 18% between £12300 and £50270 and 28% on the gain above that? Thank you
Hi KT, so it’s the latter, ie 18% between the annual allowance and the basic rate threshold and then 28% above that
Allowance threshold going down! Only 3k by next year! Less owners will sell, forcing prices higher.
6k I thought
Just checked and you're right for 24/25! SHocking!!
@@barrytyler Tax raids galore!