Income from Property
Selling one of my properties
I own 6 properties that I let.
If I sell one and re-invest all the sale receipts in a further property, is there a way I can defer payment of any CGT on the first sale until sale of the new property ?
HMRC Admin 50
Joined: 21/06/2017 15:34:03
Re:Selling one of my properties
Thanks for your question.
There are only very limited circumstances when relief can be claimed in this way on disposal of an asset and let property does not normally meet the criteria.
Further information can be found on our website under the following link:
Business Asset Roll-over Relief: HS290 Self Assessment helpsheet