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Posted Wed, 23 Oct 2024 16:36:31 GMT by sohel saiyed
We sold an investment house and paid the capital gain tax within 60 days for both my husband and I. When I filled in my self assessment tax form one of the question was did I dispose an asset so I put in all the details, there was no option to say that we had paid the tax. On the tax calculation it calculated that I have to pay more tax for the capital gain tax. My question here is do I need to include the sale of the house on my self assessment form as I have already paid the capital gain tax?
Posted Wed, 30 Oct 2024 12:06:24 GMT by HMRC Admin 18 Response
Hi,

Yes you still need to declare it and it does ask on the return for disposals already reported and tax already paid. These are within the CG section of the return.

Thank you.

 

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