HMRC letter re Capital Gains Tax submitted 21 months ago

Boat_to_Bolivia

housebuyer143 said:

Boat_to_Bolivia said:

Please could someone explain to me why, if lettings relief was abolished in 2020, was the option to do so still there when the Accountant did his calculations/filled in the form? 

Just curious.

As someone mentioned above, it's still applicable in a select few cases.

So how do you know which cases? And did the form explain that/ offer links to the necessary information? Trying to negotiate HMRC is difficult at the best of times, without them changing the rules and not altering the forms to suit!

sheramber

Boat_to_Bolivia said:

housebuyer143 said:

Boat_to_Bolivia said:

Please could someone explain to me why, if lettings relief was abolished in 2020, was the option to do so still there when the Accountant did his calculations/filled in the form? 

Just curious.

As someone mentioned above, it's still applicable in a select few cases.

So how do you know which cases? And did the form explain that/ offer links to the necessary information? Trying to negotiate HMRC is difficult at the best of times, without them changing the rules and not altering the forms to suit!

you can download the form and guide here.

A qualified accountant should be aware of any changes HMRC have made. That is his job. 

https://www.gov.uk/government/publications/self-assessment-capital-gains-summary-sa108

meishka

Thanks Sheramber could you put the link for the form on?

sheramber

meishka said:

Thanks Sheramber could you put the link for the form on?

oops. done