christopherb1985
Joined: 12/21/2024
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PRR owing in annual assessment but not initial CGT report
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SA108 form and PRR correct completion?
I have an initial gross CGT gain of £3,249 and a Private Residence Relief of £303 making my net gain £2,946 which is tax free due to my CGT allowance. This also came up as a £0 CGT liability when submitting to HMRC within 60 days of sale. I submitted my end of year return with the following in SA108: Box 6 £3,249 Box 8 PRR Box 9 £3,249 Box 51 £-303 Box 52.1 £2,946 I have also included my capital gain tax return reference number in box 54 as well as the item 8 claim of £-303 as well as another sheet on the calculations to support. The issue I have is that HMRC have assessed me as having a £303 amount due which doesn't factor in the PRR. I want to do an adjustment, have i completed the form incorrectly?