Capital Gains Tax 30 - Gains in the year
Enter the total of any gains made on the disposal of other property and other assets. This figure will be the gain minus any relief, claims or elections. You'll also need to enter some gains from earlier years.
For example, if:
- you claimed Rollover Relief on the purchase of a wasting asset
- you claimed Gift Hold-Over Relief on a transfer of an asset to you and you are now non-resident
- a gain on qualifying corporate bonds was deferred due to a share re-organisation
- you deferred a gain on a subscription for Enterprise Investment Scheme or Venture Capital Trust shares
- a gain accrued when you were temporarily not resident in the UK
- a previously unremittable gain was remitted in the year
- a foreign chargeable gain from an earlier year was remitted to the UK in the 2020 to 2021 tax year
Any claims to Business Asset Disposal Relief (previously Entrepreneurs' Relief) should not be deducted to reduce the gain. This relief affects the rate of tax that will apply to a gain and does not affect (reduce) the amount of the actual gain. This relief can be claimed later in the capital gains section.
Only deduct losses if you included them in a claim for Business Asset Disposal Relief (previously Entrepreneurs' Relief).
You must include any gains for this type of asset reported on a Real Time Transaction return in the year.
Do not include any attributed gains.
Do not deduct the 'annual exempt amount', you will get this automatically.
