Computation and foreign tax
These two tabs provide a computation of the gains and losses and allow for the input of foreign tax information.
For related information, select the links below:
Computation
This tab displays a Capital Gains computation based on the disposals entered for the year. If you have not entered any disposals for the year then the computation will show only a zero gain.
Downloading the computation
You can download a PDF copy of the computation by selecting Download PDF. You can also download a copy from the Review & File tab for the Tax return after you have prepared the tax return for filing.
Including the computation with the tax return
There are three options available, selected fro a drop-down list alongside the question: Are you attaching a computation with this tax return?’
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NO – Not required - no computation will be attached.
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YES – Auto-attach this computation - Taxfiler by IRIS will automatically attach its computation to the tax return.
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YES – I have attached my own - use this option if you are attaching your own computation. You will need to attach the computation manually from the Data Input tab.
Foreign Tax Credit & SWT
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Foreign Tax Credit Relief and Special Withholding Tax
Use this tab to enter details of foreign tax and SWT for CGT purposes. See HMRC helpsheet hs263 self-assessment.
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Amount of chargeable gain under UK rules - enter the amount of gain that would be payable if the UK CGT rules were used to calculate the gain
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Foreign tax paid - enter the foreign tax paid on the disposal
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Total Foreign Tax Credit Relief on gains - enter the foreign tax credit relief claimed
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Special Withholding Tax - enter any UK tax withheld.
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Useful Resources