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Capital Gains Self Assessment Disposing of chargeable assets

ZZaffy
Posts: 176 Forumite


in Cutting tax
I usually complete my self assessment because my finances are simple.
Last year I sold my property and have to pay CGT for the period that I rented it.
I used an accountant to compute the figures which he sent to me.
I thought I would just have to fill in my self assessment as usual, tick a CGT box and attach the figures from the accountant.
____________________________________________________
However, I am not understanding the questions. Such as:
In this question, am I being asked for the price I sold my house?
Or is it asking me for the figure 'Gain Subject to Tax' which the accountant worked out for me?
Or the tax figure I would have to pay subject to 28%? I would tick no if that were the case.
I will not have to pay 28% but that is the only figure the accountant has given.
Or are they asking for some other figure?
As you can see, I am very confused and maybe I should use an accountant to do my self assessment. Whatever, I am still interested in any info.


Last year I sold my property and have to pay CGT for the period that I rented it.
I used an accountant to compute the figures which he sent to me.
I thought I would just have to fill in my self assessment as usual, tick a CGT box and attach the figures from the accountant.
____________________________________________________
However, I am not understanding the questions. Such as:

In this question, am I being asked for the price I sold my house?
Or is it asking me for the figure 'Gain Subject to Tax' which the accountant worked out for me?
Or the tax figure I would have to pay subject to 28%? I would tick no if that were the case.
I will not have to pay 28% but that is the only figure the accountant has given.
Or are they asking for some other figure?
As you can see, I am very confused and maybe I should use an accountant to do my self assessment. Whatever, I am still interested in any info.
0
Comments
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The question asks whether you sold chargeable assets for more than £48,000 (a figure which is four times the annual exempt amount). Assuming the sale price of the house was more than £48,000, choose "yes", and then you will be asked to do the computation which your accountant has supplied.0
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Thank you so much.0
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