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Posted Thu, 05 Dec 2024 15:53:02 GMT by HMRC Admin 19 Response
Hi Snoa,
You can see guidance here:
Capital Gains Tax: what you pay it on, rates and allowances
Thank you.
Posted Fri, 06 Dec 2024 11:03:11 GMT by Kingy
Such a shame HMRC admin just post links to articles, the purpose of the HMRC community is to offer advice and guidance to customers after looking through the articles that are available on the website. I am sure most would want to find the information first before posting the question on here.
Posted Mon, 09 Dec 2024 12:13:24 GMT by HMRC Admin 17 Response


Hi ,
 

Once your income tax liability is worked out, if you have any unused basic rate band (20%) this can be set against the lower rate for capital gains (18%) with the remainder of the gain tax at the upper rate (24%). 

If you use all of the basic rate against your income, then there is nothing to apply against the lower rate, so all of the gain is taxed at the upper rate.

Thank you .
Posted Tue, 17 Dec 2024 16:21:41 GMT by Gaurav92
Hi Thebestme-82, Yes, CGT and Income tax both are different and are separately calculated.
Posted Tue, 17 Dec 2024 23:17:00 GMT by duncan craig
Hi I am trying to report CGT but when you click on the link on the HMRC site it is only for trust/estate, I already have a government gateway business account as I am a sole trader. I looked on forums and it stated that you had to set up a new gateway personal account. I have tried to do this but it is redirecting me to my business account. Can you please advise how I report and pay CGT.
Posted Mon, 30 Dec 2024 09:58:49 GMT by HMRC Admin 32 Response
Hi,
It is because you are using your business account government gateway user ID and password, that you are only being given those options.  
You will need to register for a personal government gateway user ID and password, to be given the option you require.  
You can register for a personal tax government gateway user ID and password below.
Personal tax account: sign in or set up
To create a capital gains account, please see below link, to report and pay the tax due.
Report and pay your Capital Gains Tax
Thank you.
Posted Sun, 05 Jan 2025 05:29:12 GMT by Acqua321 Acqua
Hi I am filling out my CGT form online for a house I sold. I am confused about what income I should put down as my main income now is state pension. Is the State Pension classed as income or is it non-taxable? Thanks
Posted Mon, 06 Jan 2025 09:22:58 GMT by B W
Hey there. I have a question regarding reporting gains from selling shares that I've acquired over multiple years. The gain wasn't massive and it utilises more or less 22% of my non taxable cgt allowance. Apart from the shares, throughout this tax year, I've also got quite a lucrative SAYE shares which I've recently sold. I wanted to pay the CGT on both the shares I've sold and the SAYE shares I've sold. When I get to the CGT report form, I am asked when I got/became the owner of the shares I want to report on. But the problem is that some of the shares I've sold this year come from a few years back, some from the last year and I've become the owner of the shares on SAYE this year - how do I fill the CGT from in this case? I thought I could just report the lump sum of my gains and that would be me. Thanks!
Posted Wed, 15 Jan 2025 10:58:31 GMT by HMRC Admin 20 Response
Hi Acqua321 Acqua,
For information regarding what types of income are taxable please see guidance here:- Income Tax: introduction
Thank you.

 
Posted Tue, 21 Jan 2025 13:39:58 GMT by HMRC Admin 8 Response
Hi,
For ones that are in the same company, use the oldest date. if you have sold shares on different dates you will need to submit more that one report.
Thankyou.

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