D5.CGT and tax return

NotesQuizCBE

Completing the capital gains summary

An individual taxpayer must provide HMRC with details of gains and losses on the capital gains summary form (SA108)

This form is submitted with the individual's tax return, usually by 31 January following the end of the tax year.

The form consists of the following sections:

  1. Name and unique taxpayer reference (Boxes l and 2)

  2. Summary of enclosed computations (Boxes 3 to 22). 

    This deals with current year gains and losses, losses brought forward from previous tax years and losses carried forward to future tax years.

  3. Listed shares and securities (Boxes 23 to 30). 

    Listed shares and securities are mainly those which were listed (quoted) on a recognised stock exchange, such as The London Stock Exchange, throughout the period of ownership.

  4. Unlisted shares and securities (Boxes 31 to 44). 

    Unlisted shares and securities are those which do not satisfy the conditions for being listed shares and securities. 

    For example, shares in company owned by a small number of members of one family will be unlisted shares.

  5. Capital losses (Boxes 45 - 48)

  6. Investors' Relief and Entrepreneurs' Relief (Boxes 49-50)

  7. CGT adjustments (Boxes 51- 52)

  8. Other information (Box 54)

The most recent capital gains summary:

NotesQuizCBE