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CGT on Second Home and SA Reporting
goodadvice12
Posts: 26 Forumite
in Cutting tax
I sold a property in 2021/22 and reported the gain to HMRC (and paid the tax due) within the 30days etc.
I am now completing my SA form - I understand that I have to effectively duplicate the figures I have already submitted - ie declare the proceeds, costs etc and obviously will arrive at the same gain. I also understand that the tax due may increase or decrease depending on whether my income estimates at the time of the CGT return were correct.
However, when I complete the SA, I cannot see where I confirm the CGT has already been paid?
I am uneasy about submitting a return which states I owe £20k, when in fact I don't!
Am I missing something? Thank you.
I am now completing my SA form - I understand that I have to effectively duplicate the figures I have already submitted - ie declare the proceeds, costs etc and obviously will arrive at the same gain. I also understand that the tax due may increase or decrease depending on whether my income estimates at the time of the CGT return were correct.
However, when I complete the SA, I cannot see where I confirm the CGT has already been paid?
I am uneasy about submitting a return which states I owe £20k, when in fact I don't!
Am I missing something? Thank you.
0
Comments
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SA108 page CG1 box 9 for gain already reported and box 10 for tax already paid.2
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