Member Since: 13th Aug 2007
8th Apr 2021
For once we should give HMRC some credit.
I prepared a 30 day return this week for a disposal in the last week of March, and there was an extra question in the opening “check if you can use this service” section, “has your client sent a SA return for 2020/21”
The answer in my case was no, but presumably if the answer was yes the form’s response would be to say “do not use this service”
23rd Feb 2021
50% of the property was owned by W at 5/6 April 2015. She has always been UK resident, so no rebasing on that 50%.
Is our thinking.
My may have an answer however, TCGA1992 s36a Sch 4AA Para 22(2) seems to say that you use the first acquisition date for the whole disposal - which would allow rebasing of the whole property.
I just need to read through and check that!
25th Nov 2020
Settling also means that there is no chance of their MLR procedures being aired in court.
24th Nov 2020
Sell the property?
12th Nov 2020
Re the payment reference number, it seems each client gets two;
- when you file the return you are given a unique reference
- if the client goes through their residential property CGT account and clicks the link to pay the tax, they are told to use their property a/c number as a reference.
Both seem to work, which rather begs the question why is the so-called payment reference necessary?
16th Jul 2020
Are you possibly confusing the general position with the non-dom position/offshore losses election?
25th Jun 2020
Thanks Justin, I thought some kind of trust might be involved!
22nd Apr 2020
For future reference, this is the direct link to the reporting service;
20th Apr 2020
TMA1970 s9A(2) - paraphrasing.
For an original return filed on or before the filing date (usually 31 jan, but might not be) the window closes 12 months from the day after filing.
For an amended return the window closes on the quarter day following the first anniversary of the amendment being filed.
The quarter day for an amendment filed on 20 August is 31 October, so based on the info provided they are out of time.
20th Apr 2020
Bear in mind that (as of now) the maximum number of UK days in a tax year that may be ignored due to exceptional circumstances remains at 60.