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Where Taxpayers and Advisers Meet

Search found 8 matches

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by ck_uk
Tue Jan 03, 2017 9:28 pm
Forum: Capital Gains Tax, CGT
Topic: Calculating CGT on Sale of Jointly Owned Property
Replies: 1
Views: 1046

Calculating CGT on Sale of Jointly Owned Property

Hi, just been using the HMRC website to calculate CGT for the sale of a property which was jointly owned by my partner and myself. I was expecting it to cater for joint ownership, and that I would be paying tax on my half of the gain. However there is no provision for this and it assumes that I am t...
by ck_uk
Thu Dec 22, 2016 3:58 pm
Forum: Tax Investigations and Enquiries
Topic: How long after registering for SA before I can submit my Tax Return?
Replies: 2
Views: 1624

How long after registering for SA before I can submit my Tax Return?

I've just registered for self assessment for the first time, somewhat late but only just found out the deadline was Oct 5. My only option for submitting a tax return now seems to be online by end of Jan 2017. How long should I expect to wait before I receive my UTR, so that I can then fill out and s...
by ck_uk
Mon Dec 19, 2016 6:27 pm
Forum: General
Topic: HMRC Gateway account / Registering for SA
Replies: 0
Views: 1137

HMRC Gateway account / Registering for SA

Just found out today that Oct 5 was the deadline for registering for self assessment. I've already setup a gateway account online (prior to Oct 5) for the purpose of checking my historical NICs and want to register for SA. However I have since forgotten my password, but when I request to reset this ...
by ck_uk
Mon Feb 22, 2016 2:11 pm
Forum: Capital Gains Tax, CGT
Topic: CGT - When and how do you pay?
Replies: 2
Views: 744

CGT - When and how do you pay?

When a property is sold which is eligible for CGT, when and how should you tell HMRC?
Or do you wait for HMRC to send you a bill?
Also, how is the CGT paid? I presume as a lump sum?
by ck_uk
Mon Oct 26, 2015 1:05 pm
Forum: Capital Gains Tax, CGT
Topic: CGT or Income Tax?
Replies: 1
Views: 463

CGT or Income Tax?

Hoping someone can help. We have recently sold a second property which was owned for 3 years as a BTL, but never actually let (long story). We expect to pay CGT on this. We have just taken on another property which needs full renovation. At this stage we don't know whether we'll end up living there ...
by ck_uk
Tue Jul 14, 2015 9:57 pm
Forum: Property Taxation
Topic: Selling your own home
Replies: 1
Views: 638

Selling your own home

I understand that when selling a property which is not your own home (i.e. a second home) you can claim for refurbishment (improvement) costs etc against CGT. However, I'm not quite clear on how that works when you sell your own home. Are the calculations totally different in terms of being able to ...
by ck_uk
Mon Jun 15, 2015 8:50 am
Forum: Capital Gains Tax, CGT
Topic: Need help with CGT Calculation please
Replies: 3
Views: 1862

Re: Need help with CGT Calculation please

Thanks for the replies, I have tried to call HMRC on numerous occasions to get their opinion on the matter but I can never get through to them!
by ck_uk
Wed Jun 10, 2015 4:34 pm
Forum: Capital Gains Tax, CGT
Topic: Need help with CGT Calculation please
Replies: 3
Views: 1862

Need help with CGT Calculation please

Hi First post on this forum. I'm trying to make an accurate CGT calculation for the sale of a BTL property, here's the scenario: This is a second property which was bought jointly on a BTL mortgage, owned for 32 months but has never been let. I've included some approximate figures to indicate my cal...

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