Capital Distribution, ER and Self Assessment

[confused_contractor]

Hi,

Quick and hopefully simple question regarding Self assessment and claiming ER.

background: Limited company, closed in late 2012, final accounts done and everything wrapped up for tax with HMRC and accounts at Companies house. Only cash (£15k) left in business so withdrawn. Company struck off c3 months later.

Assuming I satisfy the requirements under ER and based on my interpretation I would say I do.


Descripition of Asset (eg type of number of shares sold or address of property) = Capital Distribution

My first question is do I have to state something like "100 ordinary shares".


My Second question is what type of asset would a capital distribution be classed as
a) unlisted shares and other securities
b) property and other asset and gains


I`ve used HMRCs online calculation. Do I need to add any other information (question at the end of the capital gains tax section) and if so what? remember its just a simple capital distribution claim so doesnt really warrant a long explaination.

Thanking you in advance and hope this may help others as well.e

[Clare@InTouch]

Simply add in the explanation of ordinary shares and allocate them as Unlisted Shares.

If you feel there's extra information HMRC may need to know then add it to the white space (other information) box.

[confused_contractor]

Thanks clare.

SA now filed with the following;

Type of asset = Unlisted share and other securities
Description of Asset = 1,000 Ordinary shares.