I've done several "real time" CGT Returns in respect of residential property disposals, and whilst the systems are clunky, they have been relatively painless, until now.
I have four clients who between them owned shares in commercial farmland and the residential farmhouse. The property was inherited in two separate tranches in 2002 and 2017 (on the death of each of their parents). None of the clients are self-assessment clients.
I've calculated the gains, taking into account the different acquisitions, and calculated residential and non-residential separately.
The intention was to make a complete Return of all gains now. But No! HMRC systems will only accept the residential aspect now, meaning that further Returns will be required at some point in the future. Not really sure how this is going to happen.
I'm attaching documentation and calculations showing the total of the gains and split between what is now being reported (which means that HMRC should be aware that a further Return will be required in the future). Their loss, I suppose. They could have accelerated payment of the total CGT due.
But what a bloody pain, caused yet again by this ill-conceived and poorly implemented system.