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CGT rate

Posted Sun, 06 Aug 2023 09:54:10 GMT by
I sold a BTL property with a £57k gain on 8.12.22 . I reported this gain on 14.1.23 with estimated earned income of £52,690 . CGT tax rate was calculated by HMRC system at 28%, this was paid on 14.1.23. Now I have completed my self assessment and earned income is confirmed at £53,657 the self assessment summary has calculated CGT at 20% meaning I have over paid by 8%. Given my regular income has gone up, why would the tax rate reduce ? Obviously hoping its right and I can get a refund.
HMRC Admin 25 Response
Posted Thu, 10 Aug 2023 09:00:29 GMT by HMRC Admin 25 Response
Hi Angela Stone,
We would need to check the details on the return and you can contact us on webchat to have this reviewed.
If correct, supply bank details for a repayment to be arranged,
Go to Gov.uk and search 'contact HMRC'.
Then choose Self-Assessment and go to 'Ask HMRC Online'
Thank you. 
 

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