Selling a property? 🏠 You could be required to complete a Capital Gains Tax return.

A CGT return may arise when you dispose of a property that has increased in value and his not been used solely as your main residence throughout ownership.

Most people selling a second property or a buy-to-let are aware of this requirement. However, it can sometimes be missed where a property was previously rented out, even if it is now your main and only home.

Even where reliefs are available, there can still be a reporting requirement.

If you’re unsure, it’s always best to seek advice before or after selling to avoid any unexpected issues. 📊