Monty Winchester
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CGT paid on property sale reported on SA a year early?
I am helping my mum with her Tax Return this year after my father died recently. They sold a flat in late 2023, declared it and paid CGT on it in October 2023. I noticed that she declared it on the 2022/23 SA - which seems like a year too early?! Was that right? If not should I include it on this year's tax return or can we say "it has been declared and paid, it was reported on a Self-Assessment, so we should not report it twice"? -
When is CGT paid on property sale reported on SA?
I am helping my mum with her SA after my dad passed in November. They sold a flat (not primary residence) in Sep 2023, reported it and paid CGT tax in Oct 2023 They then reported it on their 2022/23 Tax Return... which seems like a year too early?! Was that right? If not should I report it again this year, or just say "it has been reported once, that is good enough", or put a note in the CGT comments?! Thanks!