We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Tax Return SA100 - Commercial software?

sharepicker
Posts: 3 Newbie

in Cutting tax
I am registered for self assessment as I'm lucky enough to have interest/dividend income of £11000 . Filling in the SA100 in the past seemed easy enough but now it's getting complicated....for example I have some Banco Santander shares and divis were over £500 and a spanish tax was deducted. Also another share holding had a rights issue which I took the money and looks like this is liable to CGT. I approached a couple of Pro Account firms but they quoted enourmes fees to do a return....so wondering if it would be worth trying Commercial Software for self assessment as advertised on the HMRC website. Any thoughts or recommends please?
0
Comments
-
I use and can reccomend GoSimple tax per my detailed post on 15 June in the thread below:
https://forums.moneysavingexpert.com/discussion/comment/81500295#Comment_81500295?utm_source=community-search&utm_medium=organic-search&utm_term=Gosimple+tax
Appears their free trial is still running.
0 -
This looks good thank you....it appears free until you actually want to submit to HMRC so an ideal way to enter figures before committing0
-
Are you sure you need commercial software? The HMRC version can cope with both those things.
For the CGT bit if your gain is less than the £3k annual allowance you won't need to report it anyway.
The Santander dividends might be able to go in the UK dividends part (it used to be up to £300 but I think they increased it recently - can't remember what the new figure is). But if you need to do a Foreign Page it should be simple enough - the main bugbear is getting the foreign tax rate right.0 -
sharepicker said:I am registered for self assessment as I'm lucky enough to have interest/dividend income of £11000 . Filling in the SA100 in the past seemed easy enough but now it's getting complicated....for example I have some Banco Santander shares and divis were over £500 and a spanish tax was deducted. Also another share holding had a rights issue which I took the money and looks like this is liable to CGT. I approached a couple of Pro Account firms but they quoted enourmes fees to do a return....so wondering if it would be worth trying Commercial Software for self assessment as advertised on the HMRC website. Any thoughts or recommends please?
If proceeds less than 5% of market value of your holding at date of disposal the, proceeds are deducted from pooled cost of the holding - see below
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg57835
If proceeds greater than 5% then you are stuck with a computation to ascertain the taxable gain attributable to those rights per below
https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg578570 -
First of all I'm extremely grateful for your input. I think you are correct insomuch the HRMC and Gosimple return the same figure on tax due calculation with the figures I enter.I am entering the rights issue sale (Pennon Group Plc total £7000) as full amount as a capital gain, but from your links I can see that that might not be correct. Some more investigation on my part needed I think to try and get my head round this.Thanks again.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.1K Spending & Discounts
- 245K Work, Benefits & Business
- 600.5K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards