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CGT on UK Property paper form

Anyone kind enough to send me over a copy?

Didn't find your answer?

Have a client who has POA over his father, his father recently died and had a rental property, the property is now sold and I need to complete the capital gains tax return, however, the client doesnt have all the details required to set up a CGT property account and so I will need to do it on paper.

I know a few of you have managed to obtain a paper form, I wondered if one of you would be kind enough to send me over a copy?

If you would like to private message me, I can supply an email address to send it to.

Thank you in advance.

Replies (12)

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By RogueNation
05th Jul 2021 12:56

This may well be worth a read..

https://www.att.org.uk/uk-property-reporting-service-users-guide

What if my client is unable to complete the digital handshake?...

Paper returns must be issued by HMRC...

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Replying to RogueNation:
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By SXGuy
05th Jul 2021 13:07

It occurred to me I'd need to obtain the cgt account ref anyway so I've instructed the client to call hmrc and sort it with them

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By Kaylee100
05th Jul 2021 16:30

You have to call the agent helpline and get one specifically for the client. It will be sent to them, not you. So, you have to ask the client to pass it on to you to complete.

Also be aware that some of the agent helpline operators think you put CGT only on the self assessment return. They are not aware of the 30 day return. You need to call off and call again and speak to a different one who understands. A paper form request is straightforward when you speak to the right operator.

When I did one (some time ago now) the rules were to pay within two weeks after HMRC had entered the information and created a payment reference for your client. Of course, this should be checked on each application, because one day they may well change their practice and find a more timely how to pay option.

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Replying to Kaylee100:
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By SXGuy
05th Jul 2021 16:37

Thanks yes it did occur to me after I posted I'd need the cgt account number so I've asked the client to call hmrc.

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By Tax Dragon
06th Jul 2021 06:22

You sure there's tax to pay? Did the IHT return understate the value, or did the purchaser pay over the odds?

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Replying to Tax Dragon:
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By SXGuy
06th Jul 2021 06:43

Still waiting on all the figures but I believe there will be something to pay. Getting the info out of the client though is like blood out of a stone.

Spent longer listening to how they don't understand cgt than actually answering my questions.

Ended up saying with respect im the accountant it's my job to understand it.

House was owned in 2005 rented from 2015. Was part of some sort of house swap scheme so didn't pay market value back then but has now been "given" to the grandchildren.

Trying to explain regardless of money exchanging hands there's still a value to the property is another nightmare lol

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Replying to SXGuy:
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By Tax Dragon
06th Jul 2021 07:00

Given? As per Matrix, POA lapses on death and property passes under the Will. If there was one.

Serious concerns developing about what's happened here.

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Replying to Tax Dragon:
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By SXGuy
06th Jul 2021 07:29

Noted re POA I'll inform client.

Trying to get any sort of answer from them is proving difficult. Can't tell me what valuation was in the iht, not even sure what stage there at with it.

All I was told was property sold, had to dig to find out who to.

There may well be nothing to pay and I may well have jumped the gun a bit with asking for the cgt forms, so I will back track and find out exactly what has happened.

To be honest, I spent so long trying to get any info it slipped my mind that there may not be any cgt if it was given in probate

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Replying to SXGuy:
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By Tax Dragon
06th Jul 2021 07:56

Also seems to have slipped your mind that your client is not the deceased and the CGT return (being nothing to do with the affairs of your client) is not your concern. Or did you mean the deceased was your client and you dealt with him via his Attorney? (In which case your client is deceased... again, not immediately obvious the CGT return is your concern.)

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Replying to Tax Dragon:
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By SXGuy
06th Jul 2021 08:22

Fair enough, your right.

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By Matrix
06th Jul 2021 06:45

Who has sold the property? How do the POA and death come into it?

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Scooby
By gainsborough
06th Jul 2021 09:00

This is where I usually ask the client for permission to contact their solicitor directly - saves the client stress and at least the information is more reliable.

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