Capital gains summary

Transactions

This page is completed from information entered at Capital gains > Disposals.

The Claim BADR/IR tick box is only available for disposal with a Disposal type of:

• Business Asset Disposal Relief: Qualifying business disposal (QBD)
• Business Asset Disposal Relief: QBD associated disposal (AD)
• Investors’ Relief: Qualifying disposal (IR)

Where the Claim BADR/IR box is ticked, the gain will be liable at the Business Asset Disposal Relief / Investors’ Relief rate (up to the available lifetime limit).

Losses & adjustments

Option	Description
Total losses (including unrelievable losses)	The current year losses are calculated. Enter capital losses brought forward from earlier years and income losses to be used against capital gains.
Unrelievable losses	Use this row to identify any losses entered above which cannot be used against current year capital gains.
Losses brought forward available to offset	Calculated as Total losses (including unrelievable losses) from earlier years, entered above, less Unrelievable losses.
Losses used against:	Enter the amount of current year capital loss used against earlier years’ gains and against income.
Net losses of the year (including unrelievable losses)	Calculated as Total losses (including unrelievable losses) less Losses used against earlier years’ gains and against income.
Losses used against current year gains	Shows how much of each loss type has been offset against current year capital gains.
Unused losses	Shows how much of each loss type is remaining after any offset against current year capital gains.
Reduction for current year unrelievable losses	Equal to Unrelievable losses, entered above
Adjusted unused losses	Equal to Unused losses less Reduction for current year unrelievable losses
Unrelieved losses	Equal to Unrelievable losses, entered above
Total losses available to be carried forward	Equal to Adjusted unused losses plus Unrelieved losses
Adjustments to Capital Gains Tax	Use these boxes to enter an additional liability in respect of trusts, an adjustment for net clogged losses and for any required other adjustment. See HMRC Capital Gains Summary Notes for details of how to complete these boxes.
Attributed gains	Enter any attributed gain
Annual exempt amount	Untick if the individual is not entitled to the annual exempt amount.

Taxable gains & reliefs

The upper section is calculated from information entered at Capital gains > Disposals and elsewhere in Capital Gains > Loss details and summaries.

Business Asset Disposal Relief and Investors’ Relief

Option	Description
Available lifetime limit	Enter the remaining balance of the £1 million lifetime limit for Business Asset Disposal Relief and £10 million lifetime limit for Investors’ Relief.
Qualifying gains on which relief claimed	Calculated from information entered at Capital gains > Disposals.
Other adjustments	Enter any required adjustments to the lifetime limit
Lifetime limit carried forward	Calculated as Available lifetime limit less Qualifying gains on which relief claimed plus Other adjustments and used as the Available lifetime limit figure in the following tax year.