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Posted Tue, 04 Jan 2022 17:39:19 GMT by tigerspill
Hi, I am hoping someone can help me with completing my 2020/2021 SA CGT section. We purchased a BtL property in 2005 (between 4 of us) for £66,000 (£16,500 each). We sold it in September 2020 for £58,000 (£14,500 each), There were costs of £2,000 (£500 each). so crystallised a loss of £10,000 - or £2,500 each in 2020/2021. I wish to carry this loss into future years so wish to complete the CGT section of my SA. I have added A CG Worksheet, entered the purchase and same dates. I have added £14,500 in the "Disposal proceeds or market value" field I have added £500 in the "Incidental costs of disposal:" field I have added £16,500 in the "Cost or market value (if appropriate):" field This calculated the loss as expected. Is this all I have to do? Do I need to complete any other fields. When I come to use this loss in a future year, where do I enter this value? The HMRC page suggests that I need to upload my calculations, but I can't see what else I can add other than the details above (unless they want me to break the sale costs down - e.g. agent, solicitors, & search costs? Thank you
Posted Thu, 06 Jan 2022 11:56:13 GMT by HMRC Admin 19

No, this would be correct.  

Please remember to use our worksheet to show more details on these figures for the loss. 

Thank you
Posted Thu, 06 Jan 2022 12:31:52 GMT by tigerspill
Thank you. Where can I find the worksheet you mention?
Posted Mon, 10 Jan 2022 15:50:23 GMT by HMRC Admin 17

This can be found at the start of the capital gains section if you are filing online.

It will ask if you wish to use our worksheet, t which you will answer yes.

If you are doing this on paper, the worksheet can be found towards the end of the capital gains summary notes.

See Link:

Self Assessment: Capital gains summary (SA108)    .

Thank you.

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