Other Capital Gains

Field Name

Description

Client Type

Asset description

Enter a description of the gain or loss

All

Broker's Schedule?

Tick this box if the figures are being input from a brokers schedule.  Note that taper relief will not be calculated if this box is ticked.

All

Date of acquisition

Enter the date the asset was purchased.  Note this field is disabled where Broker's Schedule is ticked.

All

Date gain arose

Enter the date the gain/loss occurred, i.e. the date the item was sold.

All

Proceeds

Enter the amount of money received for the item.

All

Net gain ( - loss)

Enter the previously calculated gain (or loss).  Gains should be entered before deducting losses and taper relief; if taper relief has already been deducted then tick brokers schedule.

All

Number of Disposals

Enter the number of disposals that are included on the brokers schedule

Individuals

Total Taper Relief

Enter the total amount of taper relief that has been claimed on the brokers schedule.

Individuals

Claim relief?

Tick this box to claim a relief against the disposal.

All

Connected Person?

Tick this box to enter the name of any connected parties the asset was sold to.

Individuals and trusts.

Business Asset?

Tick this box to flag this item as a business asset.

Individuals and trusts.

Chargeable on Settlor

Tick this box to stop the taper relief calculation being performed on this asset.

Trusts only.

Additional charge in respect of non or dual resident trusts

Enter any additional charges that relate to non or dual resident trusts.

Individuals and trusts.

S.86 TCGA'92 Settlor Charge Applies

Tick this box to include the disposal on Form 50(fs).

Trusts only.

Underlying Non-Resident Company

Tick this box where the gain arose from an underlying non resident company for Form 50(fs).

Trusts only.

Not at Arm's Length

Tick this box where the gain arose from an underlying non resident company for Form 50(fs).

Trusts only.

Valuation used?

Tick this box if a valuation was used on disposal.

All

Date of valuation

Enter the date the valuation occurred.

All

Amount

Enter the amount of the valuation.

All

Description

Enter any additional information about the valuation.

All

Check box if form CG34 has already been submitted

Tick this box if form CG34 has already been submitted in relation to this valuation.

All

Unlisted Shares

Select unlisted shares if entering a gain (or loss) from a share holding not quoted on the LSE.

Individuals and trusts.

Quoted Shares

Select quoted shares if entering a gain (or loss) from a share holding that is quoted on the LSE.

All

Other

Select other if entering a gain (or loss) arising from something other than shares and land or property.

All

Land or Property

Select Land or Property to enter the address and any details of tenants.

All

Attributed Gain

Select the attributed gain option for assets attributable to a settlor.

Individuals only.

Foreign Tax Credit Relief

Tick the box to enter the details of foreign tax credit relief.

Individuals and trusts.

Entrepreneurs Relief

Tick the box to enable the entrepreneurs relief  calculation. Click the magnifying glass to override the amount calculated and to enter a reason. If no reason is entered; “unknown” will be displayed on the capital gains computation..

Individuals and trusts.