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  • Re:Selling an inherited property abroad

    Hi TabUk,
    If the completion date of the disposal ocurred after 5 April 2024, then the capital gain falls into the 2024 to 2025 tax year.  If you are required to complete a tax return for 2024 to 2025, then you would include the capital gain on that tax return, where the disposal value exceeds £50000.  If the completion date was before 5 April 2024, then yes, you would need to amend your tax return, if the disposal value was over £50000.
    Thank you.
  • Re:Repayment Delay

    Hi caffyred,
    To check on the progress of your repayment, log into your Personal Tax Account, and click on the 'Check Progress' tab, at the top of the page just below the blue bar. If the progress of your repayment still doesn't show, contact us by webchat or phone via Income Tax: general enquiries to allow us to check this for you.
    Thank you.
  • Re:CGT on Shares taken out of ISA

    Hi Patience,
    We can't provide you with a value of the shares. That is not HMRC's responsibility.  When shares are removed from an ISA, they lose their capital gains protection.  You would use the acquisition value of the shares for calculating capital gains tax.
    Thank you.
     
  • Re:SA106 Form

    Hi Nigel Ho,
    SA106 is the foreign section of the tax return.  If you have registered for self assessment and a tax return has been issued to you.  You can use your government gateway user ID and password to log into your personal tax account and log into your tax return.  You would select 'yes' to the question on foreign income, when tailoring your tax return.
    Thank you.
  • Re:HMRC Approval of Capital Gains Calculator

    Hi Fraser Scott,
    HMRC does not provide a calculator for working out capital gains tax arising from shares or other assets that are not residential property.  There may be commercial calculators on the internet, you could use at your own risk.  
    If you find you have a capital gains tax to pay from the disposal of shares, you can report and pay the tax using the raltime capital gains tax service at Report and pay your Capital Gains Tax-to-report.  You have until 31 December after the tax year ends to do this.  After this, you must complete a self assessment tax return.
    Thank you.
     
  • Re:Pension UFPLS tax Refund?

    Hi Pensionquery005,
    If flexibly accessed yes. if a cash withdrawal it will be a p53 - Claim a tax refund when you've flexibly accessed all of your pension (P53Z).
    Thank you.
  • Re:Purchase Price for CGT after buying partner out

    Hi Alison Chalk,
    As not married, the market value rule doesn't apply and it will be what the property was 'sold' for. Please see Capital Gains Manual.
    Thank you.