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  • Tax

    Selling Main Residence and a buy to let

    Hi,

    I sold my main residence in Jan 17 and bought a new main residence at the same time. I also sold a buy to let property in Feb 17. I lived in my main residence for 9 years and never let it out. I am now ready to complete my self assessment and am about to fill in my very first Capital Gains SA108 sheet as I have made a capital gain on the buy to let property. Looking at the sheet do I need to fill in the first part i.e Residential property (and carried interest) for my main residence? I know I need to fill in the second part i.e other property, assets or gains for the buy to let property. Also it says about attaching computations for this. I fill in my tax return on line - how do you attach the computations - do I just show my workings out on the bit where it is blank and says any other information.?

    Thanks for any help - I have filled in self assessment online for many years but this is my first assessment where I have sold a property.

    Sue

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    If the sale of your main residence is completely covered by PPR then no need to report.

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    Debbie Franklin

    Director of Tax Peplows Limited

    CTA ACA FCCA