Clutching at CGT straws?

Readers Question by Readers Question
1:34 PM, 3rd June 2020, 6 years ago 3
Categories:
Landlord NewsLandlords Questions

I sold a property in January which I’ve rented out for nearly 30 years, consequently there is a sizeable Capital Gains Tax bill to pay.

I was due to complete on another property in March which would have resulted in a significant loss which I would have used to offset against the other property.

Due to the coronavirus the sale only completed in May ie a different tax year.

Clutching at straws I know, but does anyone if there is a way I can offset the loss of the second property against the gain on the first.

Thanks

Adrian

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