Tim King
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RE: CGT already paid in tax year .What to put on SA form.
Dear HMRC Admin I have a similar issue to the original poster. I declared a CGT using the online service in tax year 23/24and paid the CGT liability all within the 60 limit of disposing of the property. I now need to include this in the SA tax return for 23/24. On the online form for the SA tax return in the Captial Gains worksheet I have included all necessary details of the gain made, the allowable deductions in terms of cost of acquisition etc and included the £6k CGT allowance. The form then calculates the chargeable gain and this figure accords with the figure included when the CGT gain was notified to HMrC online at time of disposal of the asset. I then click save and continue and it takes me to a Capital gain computation worksheet summary which shows the proceeds, allowable costs and the gain made. I select the option to use those figures and click save and continue. It then takes me to another page titled other property assets and gains. This again includes details of the disposal proceeds, the allowable costs and the gain made and the correct figure for the gain appears in a box which can be amended even though I do need to amend that figure as it is correct. There is then a section titled ‘Total gains or losses on the disposal of an asset of this type reported on Real time transaction returns include the individual amounts of gains in the gains in the year and losses in the year’ and ‘tax on gains on the disposal of an asset of this type reported on Real Time Transaction returns already paid’ these sections have a £ sign. I assume this is the section I need to complete to show the sum paid at time of disposal. However it is not possible to populate this section and clicking on the help about hyperlink for this section does not give me the answer. How do I populate this section?