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Where Taxpayers and Advisers Meet

CGT computation format for personal tax return?

Jetsetter4805
Posts:32
Joined:Wed Mar 09, 2011 6:37 pm
CGT computation format for personal tax return?

Postby Jetsetter4805 » Mon Sep 27, 2021 5:05 pm

Hi all,

Is there a specific format which HMRC expect for a CGT computation to be attached to a personal tax return? The capital gain is merely the proceeds from the disposal of a share as part of a members voluntary liquidation. Should I just prepare a one line computation showing the proceeds and state that this is the chargeable gain?

Also, I have two capital losses in relation to listed share disposals which I should be able to offset against the above gain. Do I need to attach computations for each of these?

Thanks!

pawncob
Posts:4750
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: CGT computation format for personal tax return?

Postby pawncob » Mon Sep 27, 2021 7:19 pm

Yes to both questions. (Assuming losses arose in that tax year.)
With a pinch of salt take what I say, but don't exceed your RDA

Jetsetter4805
Posts:32
Joined:Wed Mar 09, 2011 6:37 pm

Re: CGT computation format for personal tax return?

Postby Jetsetter4805 » Mon Sep 27, 2021 8:27 pm

Thanks. I was able to make use of hmrc's computation worksheets which are available to use when completing an online return.


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