Questions about my tax return

textbook

I'm just a sole trader so had a go at doing my tax return, seemed pretty simple -just adding up money in and expenses (including remaining van money 18%) but there were some questions about capital gains, disposal of chargeable assets and did you use the cash basis  which I wasn't sure of.  What are these?

Ill see if the figures I came up with are same as accountants then maybe do it myself next time!

Jeremy535897

Have a read of this:
https://www.litrg.org.uk/tax-guides/self-employment/working-out-profits-losses-and-capital-allowances/how-do-i-work-out-my

[Deleted User]

I presume you are referring to the ‘tailoring your return’ section. Capital GAINS has nothing to do with your trade. 

textbook

[Deleted User] said:

I presume you are referring to the ‘tailoring your return’ section. Capital GAINS has nothing to do with your trade. 

How do you know what my trade is?  out of interest, what is capital gains?

Dazed_and_C0nfused

Reading between the lines I think your original post hinted that you are running a property maintenance business.

This will help re CGT

https://www.litrg.org.uk/tax-guides/savers-property-owners-and-other-tax-issues/capital-gains-tax

[Deleted User]

I don’t need to know what you trade is. Capital gains tax is payable on the disposal of assets such as property, shares, chattels, businesses etc. Nothing to do with any trade you engage in as a sole trader.