If you sell or otherwise dispose of UK property, you may have to report the disposal to HMRC and pay Capital Gains Tax (CGT) within 60 days of completion. The rules differ depending on whether you are UK resident or non-UK resident. Missing the deadline can result in penalties and interest, so it is important to establish whether a return is required as soon as a property sale completes. Key facts UK residents generally have to report a disposal of UK residential property wit

Capital losses that cannot be used in the tax year in which they arise can generally be carried forward indefinitely and set against capital gains in future tax years. However, the loss must first be reported to HMRC within the applicable time limit. Key Points Unused allowable capital losses can generally be carried forward indefinitely until they are used. A capital loss must normally be reported to HMRC within 4 years after the end of the tax year in which the disposal giv