Self assessment return for CGT on shares

TJ666

Hi, This is the first time I will have to pay CGT.  I am trying to work out how to complete the SA form (to pay the correct tax on the sale of listed shares) for 23-24.  I had several batches of shares vested through work on different dates, and I sold in different sized batches on 4 dates.  In the SA form, I could use the HMRC calculator, but each entry has 1 date for purchase and 1 for sale, so I would need to laboriously split up each sale / purchase combination (3 purchase dates, 4 sale dates) .  Or I could NOT use the HMRC calculator, in which case the only way I can get through to continue is by saying YES to "claims or elections", then OTHER claims, and then add a spreadsheet with my calculations,  involving weighted average prices (thats how I think of it).

Any advice please?  I have a reasonable idea of how much tax to pay, the hard bit is getting it in the self assessment form.

Many thanks.

dales1

HMRC need to recognise a pragmatic approach here, I think.

You are not making "claims or elections" I don't suppose. So you don't want to tick that box.

And you don't want to fill out multitudes of worksheets to permutate your buys and sells - that could easily introduce errors.

What I would do, is to tick box 7 on page TR2 of the SA100, to say that you DO want to fill out the CGT summary page and provide calculations (even though strictly speaking you may not have sold enough ££ of shares to be required to complete this form). Then at the end of the process, you can upload a pdf version of your spreadsheet calculation.

TJ666

dales1 said:

HMRC need to recognise a pragmatic approach here, I think.

You are not making "claims or elections" I don't suppose. So you don't want to tick that box.

And you don't want to fill out multitudes of worksheets to permutate your buys and sells - that could easily introduce errors.

What I would do, is to tick box 7 on page TR2 of the SA100, to say that you DO want to fill out the CGT summary page and provide calculations (even though strictly speaking you may not have sold enough ££ of shares to be required to complete this form). Then at the end of the process, you can upload a pdf version of your spreadsheet calculation.

Thank you.  I'm doing online, which doesn't appear to label the pages, and I couldn't find that page label on a downloaded version of SA100, or SA108.  However, I persevered with the online SA form, I think the answer was to put a zero in the losses box (which was labelled as optional), which then let me proceed with out ticking the "claims or elections" box.  I was beginning to go crazy trying to get this in.  Thanks again, you made me persevere.