Hi looking for some advice or someone I could go to to get some.
we are currently based in Aus and sold ou home in the Uk due to complete in 2 weeks.
the question revolves around the sale and taxation.
we purchased the house in 2010 and live d in it
It has been sold for 15000 uk pounds less than we bought it for.
we have recently spent around 10 k on it new heating system carpets etc.
what do we have to do in relation to tax purposes we rang the tax office uk they said because we made a loss there’s no capital gains to pay .
looking for advice on selling and the tax implications on making a loss
Sorry if you have read a similar situation a few times ,thanks in advance