Nicholas Webb
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RE: Self assessment (on-line) - Capital gains tax allowance
PRL above should be PRR = Private Residence Relief -
RE: Self assessment (on-line) - Capital gains tax allowance
I am about to submit my SA for 2033/24 and understand I have to complete the CGT section, even though I completed a CGT return for a properly sold in 2023, and paid up immediately in full. In the CGT section on SA online, there are no boxes to enter either the amount of the PRL claimed, or the allowance. Regarding the former, does box 22 ask for the Gross gain or Net gain i.e. should I subtract the PRL amount from the gain? As it stands, my SA calculation is asking for an additional even larger dollop of tax on top of the CGT amount charged which I paid in 2023! Thanks for any guidance.