Increase SA for mortgage application

willhopkins

Hi

Last year I sold 50% shares of my small limited company for £11000.

The shares were transferred back to me after 6 months for nil monies.

I would like to include this amount on my SA302 tax return as myself and my wife are applying for a mortgage and this will help with my income as I am self employed.

Should the above figure be included or can it be included in my SA302.

Thanks

William

kingstreet

IMHO that's a capital gain, not income.

It won't form part of your income for mortgage purposes.

SeagullFTB

I agree with Kingstreet. It's a capital gain so it won't help your affordability.

It's also below the annual capital gain allowance, so doesn't need to be included within your tax return.