Tag Archives: business

Update to CG34 form

HMRC has updated its Capital Gains Tax Form CG34 to take account of changes made to the guidance notes especially to emphasize that the relevant information must be received by HMRC at least two months before the tax payer’s tax filing date.

It is not mandatory to complete the form but if you make your own valuations of assets disposed of during the tax year, you can ask HMRC to check your valuations before the tax filing date so that you don’t underpay any tax due on the disposed assets.  The form can be downloaded from this link: CG34.pdf

If you want any further information or wish to discuss your tax affairs in strict confidence, then please do not hesitate to contact us.