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Posted Mon, 17 Jun 2024 19:39:22 GMT by Eliza James
Hi, I’m helping my mother-in-law with her tax. She’s a basic rate taxpayer with a state pension, small employer pension and interest on savings over £1000. She doesn’t usually need to complete a tax return. But this year she sold a property and made a capital gain. I’ve helped her report the gain and she’s paid CGT based on her estimated income for last year. Does she need to complete a tax return to provide details of her actual income? Won’t HMRC have that info anyway from her P60 and savings provider?
Posted Tue, 18 Jun 2024 13:57:43 GMT by HMRC Admin 17

Hi ,
 
As you have already reported the sale then no, a full tax return is not required based on your info .

Thank you .
Posted Tue, 18 Jun 2024 13:57:43 GMT by HMRC Admin 17

Hi ,
 
As you have already reported the sale then no, a full tax return is not required based on your info .

Thank you .
Posted Thu, 20 Jun 2024 08:06:09 GMT by Eliza James
Sorry, just to clarify. She paid some of the CGT at 18% and some at 28% because the capital gain on top of her income exceeded the basic rate limit. Does that make any difference?
Posted Tue, 25 Jun 2024 13:01:23 GMT by HMRC Admin 19
Hi,

No, it does not make any difference.

Thank you.

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