Hello,
I have been completing online self-assessment tax returns annually. Last year, HMRC informed me that, for the new reporting period, I am not required to do this. For many years, my wife has had very little income (mostly minor savings interest) and has never completed a tax return.
Last tax year, my wife and I sold a jointly-owned second home on which CGT (about £30K above the joint allowance) is due in the coming reporting period. I have the following questions:
(1) Do I need to inform HMRC that I again need to complete a tax return or just simply login online and submit a return before the Jan31st deadline as before?
(2) Does my wife need to write to HMRC and tell them she has a CGT liability or should she simply register online for self-assessment and then submit a tax return?
Thanks
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