Capital Gains Tax 65 - Adjustment to Capital Gains Tax

This field will not apply to many people. The amount to enter is the amount of the adjustment needed to increase or reduce the amount of Capital Gains Tax. If the adjustment is intended to reduce the amount of Capital Gains Tax payable, put a minus sign in front of your figure.

You must explain in your computations how any adjustment has been calculated. If your adjustment reduces the amount of Capital Gains Tax payable, include a minus sign before the adjustment figure.

You may need to enter a net adjustment figure here if:

• your capital gains has Foreign Tax Credit Relief
• your capital gain includes liability for non-resident or dual resident trusts
• you've claimed the remittance basis in an earlier tax year and made an election for foreign losses
• you've clogged losses or need to amend the allocation of losses
• you're chargeable to Income Tax on disguised interest and wish to avoid double taxation
• an adjustment is due to the Business Asset Disposal Relief (previously Entrepreneurs' Relief) calculated - for example, if gains are remitted from an earlier year when a different lifetime allowance limit applied
• you need to give effect to a relief that affects the amount of tax payable on non-resident capital gains - for example, if Business Asset Disposal Relief applies to all or part of the gains