Completing Trust and Estate Capital Gains (SA905)

Probate value for my late mother's house was valued by VOA at £550,000 and the final sale value was £580,000. IHT was paid on that probate value. CGT was due on the £30,000 gain less £6,000 agents/solicitor fees less £6,000 annual exempt, meaning 28% on £18,000. The total tax of £5,040 was paid and a Capital Gains Tax on UK property Return was sent. I am now completing the Trust and Estate Capital Gains supplementary pages (SA905). On page TC1 what do I enter in the following :- 1) Column E - "Disposal proceeds"? The sale value or the gain? 2) Column G - which goes here? 3) Column H - which goes here? Gain less costs? Gain less costs less exempt?

Hi,

As this is a trust return you will need to contact the trust helpline on:

Trusts

Thank you.

Hi, did you ever find out the answer to this? I have the exact same question. Hypothetical figures: house valued at 500000, sold for 600000 but had 50000 spent on allowable fees and enhancement work done that can be deducted. So are the "disposal proceeds" (column E) the gross sale value (600000), the gross profit (100000) or the net profit (50000)? 'Proceeds' is ambiguous term.