Tailor your return 07 - Capital gains

If you need to complete the Capital Gains section, select 'Yes', otherwise, select 'No'.

You must report your capital gains and attach your computations if in the tax year either:

• you disposed of chargeable assets which were worth more than £49,200
• your chargeable gains, before the deduction of any losses, are more than £12,300
• you have gains in an earlier year taxable in this period
• you want to claim an allowable capital loss or make any other capital gains claim or election for the year

In working out if the assets you disposed of were worth more than £49,200 use the market value of any assets you gave away or sold for less than full value and ignore disposals of:

• exempt assets such as private cars, shares held within Individual Savings Accounts
• assets to your spouse or civil partner, if you were living together at some time during the tax year
• your own home where:
  • it's been your only home during your ownership and was not used for any other purposes, for example, in your business
  • the house has been used as your home throughout your ownership, but you can ignore the last 18 months of ownership
  • the garden and grounds disposed of at the same time do not exceed half a hectare

In working out your total chargeable gains include any gains attributed to you, for example, because you're a settlor or beneficiary of a trust, or in certain cases where you're a member of a non-resident company.