old man foster

Thank you, I am retired just for info. If in the CGT section of SAI have to answer all the same questions as I did in the CGT report I submitted online and, subsequently paid the tax on the property sale, the last questions were "what is your income" (needed to ascertain the amount charged on 18% and 24%) followed by "what is you personal allowance" If in the SA all the questions are the same as the CGT report then I will have to put my income which is why I asked...Do I put gross or any tax paid on savings? My tax code was changed previous year 23-24 to collect tax on undeclared interest on savings. Code has been changed again to collect tax "on account" of interest assumed in following year. Will I be paying 24% CGT on income I am not actually getting as I am receiving a smaller company pension due to tax on account. In an ideal system personal tax and CGT would all be adjusted so I am not paying an increase on CGT previously paid due to an income entered which is more than I actually receive. Many Thanks

Thank you for replies, Self assessment, CGT property. Can I ask; in the section 3 (capital gain disposal of property) of S A return.Since reporting and paying CGT on a previous private residence the interest from sale has put me over the £10K hence the need for SA. As I have to re submit a CGT report in the SA, simply; do I put my gross income in the CGT section asking for my income, or net income after any tax paid on savings and do I reduce the savings interest by the £1000 allowance? before entering income in CGT section. Thank you.

perhaps I have caused confusion in my original post. To be clear, I have earned more than £10k in savings interest hence the need for a self assessment 24-25. My query which building societies are unable to answer is simply; when interest is credited to my savings account annually, in this case June 2025, does this mean I don't have to declare interest from said account in my 24 to 25 self assessment even though interest is accrued daily from when the account was opened in June 24. I hope this is clearer. I have read the previous replies, .gov section does not answer my query. Many thanks

Is savings interest declared on self assessment return when it is paid, or added to an account, ie a later tax year even though interest on said account is accrued daily? Regards

Thank you, very helpful. I will put the all the same answers to my first CGT report except for the increase in years income. I assume there will be a box in the SS to put my income and interest from savings, will HMRC determine these are the same figures as in the CGT report and not tax me on them twice? I'm assuming HMRC will use the CGT report to increase the amount of higher rate of 28% and ask for the increased tax. For self assessment tax; Will I have an option to pay some or all as a lump sum as if my tax code is changed my income from my private pension will be too small to live on? Regards.

I sold a jointly owned (spouse) property in May 2024 and did an online CGT report and paid the tax. I have now earned over the £10k in savings interest so I have to do an online self assessment. Qu, Do I put the profit from my property sale on the self assessment form? and; Qu, where do I put the CGT already paid on the S.S. form. Will HMRC recalculate any underpaid CGT paid due to interest earned from sale proceeds in the same tax year 24 to 25? I want to avoid paying tax twice and having to claim it back. Regards.