How is the CGT part of the paper version of the Self Assessment Return for individuals being changed for 2007-08 returns and returns for later years?
. The CGT part of the paper version of the Self Assessment Return for individuals is being simplified. For these returns for 2007-08 and later years this part of the return will consist of two pages replacing the current eight pages and split into four sections: • summary of a taxpayer’s enclosed computations • listed shares and securities • unlisted shares and securities • property and other gains In addition, individuals must also provide their own computations, either in an any other information – white space – area at the end of the two pages or as a separate enclosure with the return. The CGT pages will be supported by capital gains summary notes which will provide a general overview of the tax together with guidance on how to complete those pages. Those notes will also contain a working sheet for simple calculations of a gain or loss on the disposal of an asset. The notes will explain that more guidance can be found in the capital gains help sheets and the manuals on our website.
Related Questions
- How is the CGT part of the paper version of the Self Assessment Return for individuals being changed for 2007-08 returns and returns for later years?
- I am an individual and have to pay self assessment tax (income tax) before filing my return of income. Which challan should I use?
- What are my check return options if I have paper statements?
