Effect of SIPP contributions lon property CGT

[Davicol]

Can anyone help clarify the following

1. Does a personal SIPP contribution (relief-at-source) extend the basic-rate income-tax band for the purpose of calculating the CGT rate applied to property gains?


2. If so, how should this extension be reflected in the 60-day UK Property Return, given that tax-band adjustments are normally handled through Self Assessment?


4. Are there any limits, conditions, or timing rules that would prevent the extended basic-rate band from reducing the CGT rate applicable

[AGoodman]

1. Yes. It extends the bands generally so that would feed through to the CGT estimate for your 60 day return.
2. You can build SIPP contributions into your estimate. See: https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/part/1

I'd be confident that you can include prior SIPP contributions. I'm not so sure about SIPP contributions you intend to make in the remainder of the tax year but I think it is probably allowed under subparas 14(4) and (5) of Schedule 2 given that future SIPP contributions would effect the application of section 1I [capital i] which allocates the bands to CGT. 14(4) and (5) allow you to estimate "anything that is relevant to the application of section 1I of TCGA 1992". if attempting it, you would ideally be able to show regular contributions to be able to demonstrate why your estimate of future contributions was reasonable.

4. Not that I can think of