Dear All,
I would appreciate some guidance while I struggle through the latest incarnation of the Government's self-assessment. I normally have income from property. I sold my buy to let flat in December and in early January as I was legally obliged to do, submitted and then paid CGT. The self-assessment form I am currently filling in asked me if I had disposed of any property for which CGT is payable. As I have already created a CGT account back in January and paid the amount requested, do I assume I say "No" to this question as it has already been addressed? Out of curiosity I said "Yes" and was taken to the CGT section where it appears I have to go through the whole questionnaire again. There doesn't seem any joining the dots - shouldn't it have just recognise me and added my CGT account information to this section. I then, for the sake of my sanity, deleted this whole section and now have my return on hold until some kind soul can explain to me what to do!! As the flat was sold in the 2020/2021 tax year I do have some income to declare, which I have done. It's the disposal of assets question that floored me. I will also post this in the Income Tax Section as well.
I look forward to some (idiot proof!) advice.
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