CGT evidence

Green_hopeful

I am helping a family member with a CGT return. He gifted an agricultural building to a friend who is converting it to residential under Class Q permitted development. 

The gift triggers CGT. I am not 100 percent sure if its caught under the 60 day residential property reporting requirements so we are going to make the return as a precaution. 

I have completed the online paper form as my family member is elderly and won’t cope with the electronic process (although ironically the paper form is online as well). 

I have a spreadsheet of improvements and fees including the planning costs which I think are all deductible plus the CGT valuation costs. I have all the receipts. I have a valuation for CGT purposes.

It asks for evidence but i cant find any explanation of what they intend by evidence. It says its the same evidence that you would normally supply for any CGT return. When i looked at the self assessment CGT it doesn’t explain what they want either. 

Has anyone any advice on what is required? Many thanks. 

sheramber

PAGE CG2 of the CGT Summary notes

You’ll need a separate computation (or working sheet for simple calculations) for each asset or type of asset you sold or disposed of. You must send us your computations, valuations, specified claim forms and any working sheets with the ‘Capital Gains Tax summary’ pages of your tax return. Fill in all the boxes on the form that apply to you. Do not cross through any boxes or write ‘see attached’ in them.

Green_hopeful

@sheramber We only have one asset. I have filled in the 60 day form which includes the calculation. Do they want it again?