where to enter it

[mutantpoodle]

I sold a portugese flat last year so its in the 21 22 tax year. for me..even though the portugese CGT is payable this summer
the amount has been retained by solicitor to settle at correct time on demand

I am trying to do my online self assess return but cannot see any obvious place to put the flat sale into

its not income
its not a UK property sale...which is where the CGT page seemed to send me

profit was minimal and CGT in portugal is higher than here...and no allowance available

but I am sure I should be declaring it here???

can anyone steer me to the right section direction please
I will not have any extra tax to pay here but.....

[Eboli]

Assuming you are domiciled and resident in the UK then the liability under UK tax is to CGT, which is NOT limited to assets located in the UK. However, under the double tax agreement you claim relief for the Portuguese tax paid. This assumes you are not a habitual resident of Portugal, if you are you may need to get specialist advice.

Therefore, it is likely you will not have to pay any UK CGT even though there may be an obligation to declare the sale (normal declaration rules apply).

Eb.

[mutantpoodle]

Assuming you are domiciled and resident in the UK then the liability under UK tax is to CGT, which is NOT limited to assets located in the UK. However, under the double tax agreement you claim relief for the Portuguese tax paid. This assumes you are not a habitual resident of Portugal, if you are you may need to get specialist advice.

Therefore, it is likely you will not have to pay any UK CGT even though there may be an obligation to declare the sale (normal declaration rules apply).

Eb.

many thanks...I think that was my conclusion after many more searches
I recall entering the transfer (PET) in the CGT pages years ago....but as yet havent double checked

my main worry was that if I put it in the wrrong box/pages then HMRC might get uppity (??) if when they investigate they dont find it
but
hey ho.....will stick it thereas best I can as the boxes dont really allow for property sales...........imo

thanks again

[richlist]

The CGT tax return does definitely allow for property sales. I've just completed one. Note, there are boxes where you can add notes to explain your circumstances so HMRC will have no excuse that they missed it.

[Charlottesquare]

The CGT tax return does definitely allow for property sales. I've just completed one. Note, there are boxes where you can add notes to explain your circumstances so HMRC will have no excuse that they missed it.

Though of course they apparently never read white box notes these days.

At least you can, if needed post submission , point out to them that you explained matters fully and it is not your fault they did not bother to read.

[Charlottesquare]

Assuming you are domiciled and resident in the UK then the liability under UK tax is to CGT, which is NOT limited to assets located in the UK. However, under the double tax agreement you claim relief for the Portuguese tax paid. This assumes you are not a habitual resident of Portugal, if you are you may need to get specialist advice.

Therefore, it is likely you will not have to pay any UK CGT even though there may be an obligation to declare the sale (normal declaration rules apply).

Eb.

many thanks...I think that was my conclusion after many more searches
I recall entering the transfer (PET) in the CGT pages years ago....but as yet havent double checked

my main worry was that if I put it in the wrrong box/pages then HMRC might get uppity (??) if when they investigate they dont find it
but
hey ho.....will stick it thereas best I can as the boxes dont really allow for property sales...........imo

thanks again

I think you place in CGT pages. You then put foreign tax paid that you are claiming in the Foreign Supplement on page F6. (Not totally sure correct but your question sparked my interest as I have for 2021/2022 got a foreign property gain to report)

[mutantpoodle]

I think you place in CGT pages. You then put foreign tax paid that you are claiming in the Foreign Supplement on page F6. (Not totally sure correct but your question sparked my interest as I have for 2021/2022 got a foreign property gain to report)

[/quote][/quote]


so I need to do the foreign pages as well as the CGT pages??


and in case I wasnt clear...I am not asking for the CGT tax paid back...I just dont want to pay it here as well

[Charlottesquare]

.....

[Charlottesquare]

I think you place in CGT pages. You then put foreign tax paid that you are claiming in the Foreign Supplement on page F6. (Not totally sure correct but your question sparked my interest as I have for 2021/2022 got a foreign property gain to report)

[/quote]


so I need to do the foreign pages as well as the CGT pages??


and in case I wasnt clear...I am not asking for the CGT tax paid back...I just dont want to pay it here as well[/quote]


I think so but possibly just re the actual tax suffered in the Foreign pages.

I will have to do this myself so am hopeful the software I still use re my employer's tax will guide me (TaxCalc) as it is not something I ever undertook when in practice. Basically I will stuff the numbers in, the software will calculate tax and once it arrives at what I think it ought to be I will know I am roughly on the correct lines.

Sorry I cannot be more helpful, it will for me be a bit of a trial and error approach.

(There are also HMRC guidance notes re the various pages/supplements that may assist but I have yet to read them)
https://www.gov.uk/government/publicati ... eign-sa106

[mutantpoodle]

I think you place in CGT pages. You then put foreign tax paid that you are claiming in the Foreign Supplement on page F6. (Not totally sure correct but your question sparked my interest as I have for 2021/2022 got a foreign property gain to report)[/quote][/quote][/quote]

so I need to do the foreign pages as well as the CGT pages??

and in case I wasnt clear...I am not asking for the CGT tax paid back...I just dont want to pay it here as well[/quote]

I think so but possibly just re the actual tax suffered in the Foreign pages.

I will have to do this myself so am hopeful the software I still use re my employer's tax will guide me (TaxCalc) as it is not something I ever undertook when in practice. Basically I will stuff the numbers in, the software will calculate tax and once it arrives at what I think it ought to be I will know I am roughly on the correct lines.

Sorry I cannot be more helpful, it will for me be a bit of a trial and error approach.

(There are also HMRC guidance notes re the various pages/supplements that may assist but I have yet to read them)
https://www.gov.uk/government/publicati ... eign-sa106[/quote]


well I spent ages trying the various permutations that the online boxes would accept
too ing and fro ing
but
in the end I arrived at a position showing my 'full calculation'
CGT liability...yes
CGT paid.......yes
CGT due.......nil

so although I am certain much is in the wrong boxes the actual end result re due taxes is correct
all the required info is given even if in wrong place
and very short summary in the final box........so IF anyone reads it they can see what I did
and hopefully will not be too upset about wrong entries

thanks your help
fingers crossed!!