William Benson

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?