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2007-08 Personal Tax Returns

speegsspeegs Experienced MentorRegistered Posts: 854
Hi All

HMRC released the new tax returns yesterday and I was wondering if anyone could make sense of the new Capital Gains Tax supplementary pages (for individuals). They are completely different to previous years forms and the forms that BPP told us to learn for PTC unit 19.

Speegs

Comments

  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Hey Speegs

    Try here

    http://www.hmrc.gov.uk/worksheets/sa150.pdf

    Might help a little

    Vic :001_smile:
  • speegsspeegs Experienced Mentor Registered Posts: 854
    Thanks Vic

    I actually have the HUGE Self Assessment Tax Returns Guide 2008 (lucky me) with this information in it, but I just wondered what people thought of the new CGT form. On the old one you used to have to enter every disposal, but they seems to have done away with that, or am I looking at the wrong form.

    Speegs
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Big Changes a Foot

    No Probs

    It would seem HMRC are now becoming user friendlier havnt really had a look through sa yet but what i have noticed as far as payroll ect is concerned they are trying to reduced the amount of work involved maybe this is the same case!
  • speegsspeegs Experienced Mentor Registered Posts: 854
    I think you are right. Though they have said that with CGT you must submit all computations.

    I can just see it now. HMRC will have to employ exam markers to try to decifer all the weird and wonderful ways of computing CGT that people will try to submit.

    :lol::lol::lol: Good luck HMRC :thumbup:
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