CGT form 11 help

kevgaa

Hi folks,

I sold my rental property last year and have calculated my liability etc and it was paid via ROS last year. I'm now completing the form 11 and the CGT section is like double dutch and I'm struggling to see what figures they require on the Form 11.

It was my PPR for a number of years so I have PPR relief, indexation on purchase price. Usual expenses on sale solicitor etc and I have claimed some capital allowance but from what I can see basically all I input on the from 11 is

1). residential premises and thats the sale price of the asset

2). Then after that is it just the chargeable gain I enter

3). the my 1270 allowance gives me the net chargeable gain figure to tax at 33%

I suspect i'm missing something, do I need to enter sale price, expenses, ppr relief or any of the figures that went into the calculations?

Hopefully somebody can clarify this for me.

regards

Kev.

kevgaa

Hi Folks,

On Above to I Think I'm missing my PPR relief somewhere on the form 11??

Anything else I need to submit?

regards

Kev.

black & white

I was in a similar situation so ended up paying a local accountant to walk me through the Form 11 section on CGT, cost a couple of hundred but I couldn't make head nor tail of the language on the Form. Well worth it for peace of mind.

Geuze

https://www.youtube.com/watch?v=HZ1StqSfEaE

This might help.

kevgaa

Thanks Geuze,

I understand CGT and have all my figures etc but what figures to translate to the form 11. All online examples are for sales and stocks so generally are

1). residential premises and thats the sale price of the asset 

2). Then after that is it just the chargeable gain I enter 

3). the my 1270 allowance gives me the net chargeable gain figure to tax at 33%

as the property was my PPR for a while do I have to enter my PPR allowance or any other expenses on the form 11 or just the 3 entries above?

regards

kevgas