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where to put a share pay out on a self assemenent form
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help_please_2013
Posts: 14 Forumite


Hi I have very simple tax affairs and normally fill out a self assessment form myself.
Last year 24-25 I sold approximately £60000 of company shares (these don't qualify for BADR) and I need to pay capital gains tax
Is it simple and where do i put these figures?
Do I deduct the £3K allowance from the amount I submit
i don't want to start a self assessment form and then be unable to complete it
Thanks in advance
Last year 24-25 I sold approximately £60000 of company shares (these don't qualify for BADR) and I need to pay capital gains tax
Is it simple and where do i put these figures?
Do I deduct the £3K allowance from the amount I submit
i don't want to start a self assessment form and then be unable to complete it
Thanks in advance
0
Comments
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You are better off asking on the "Cutting Tax" board : https://forums.moneysavingexpert.com/categories/cutting-tax
However, CGT has its own supplementary/optional section when filling in a tax return.
It's form SA108 if filling in a paper tax return
https://www.gov.uk/government/publications/self-assessment-capital-gains-summary-sa108
Gov.uk also contains guidance at https://www.gov.uk/report-and-pay-your-capital-gains-tax/if-you-have-other-capital-gains-to-report
I wouldn't have said it is difficult unless you have loads of transactions and/or poor records.1 -
Hi I have very simple tax affairs and normally fill out a self assessment form myself.
Last year 24-25 I sold approximately £60000 of company shares (these don't qualify for BADR) and I need to pay capital gains tax
Is it simple and where do i put these figures?
Do I deduct the £3K allowance from the amount I submit
i don't want to start a self assessment form and then be unable to complete it
Thanks in advance0 -
At the beginning of the form you will be asked a number of questions to determine the sections required to be completed.One will relate to capital gains.Presumably there was no acquisition cost on the shares and your gain will be £60000 less any selling costs.You enter the full gain - the £3000 exemption will automatically be deducted in the calculation.1
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Thread moved.I’m a Forum Ambassador and I support the Forum Team on the Credit Cards, Savings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
sausage_time said:Thread moved.1
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