Accounting Journal

Accounting Journal

Five common capital gains tax errors

Asif Patel's avatar
Asif Patel
Oct 11, 2024
∙ Paid

HMRC have revealed that every year lots of simple errors are made in tax returns in relation to capital gains tax which result in the taxpayer suffering additional tax, interest and penalties. Here are some common mistakes, and how to avoid them.

1.    Using the correct annual exempt amount

When calculating how much capital gains tax you need to pay, it i…

User's avatar

Continue reading this post for free, courtesy of Asif Patel.

Or purchase a paid subscription.
© 2026 PMA Accountants · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture