where to put a share pay out on a self assemenent form

help_please_2013

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 

gt94sss2

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.

help_please_2013

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 

[Deleted User]

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. 

sausage_time

Thread moved.

[Deleted User]

sausage_time said:

Thread moved.

Already a new thread going with heading ‘self-assessment’.