Please help me understand my tax return for Capital Gains Tax, I'm baffled and the help screens don't help much.
In July 2025 I sold a rental property for 105K.
I filled in a CGT form, worked out that my 'taxable gain' was 12,354 and that I owed 2,223.72, which I paid.
Now I'm filling in my tax return for that year and it's asking slightly different questions.
Disposable proceeds - is that the gross sale price ie 105K?
Allowable costs - is that the original purchase price plus solicitors fees etc?
Total gains and losses - would that be disposable proceeds minus allowable costs?
'Total gains or losses on UK residential property reported on Capital Gains Tax UK Property Disposal returns' - is that the same as 'total gains and losses'?
Then 'Tax on UK residential property gains reported on Capital Gains Tax UK Property Disposal returns already charged' - is that the 2,223.72 tax that I've already paid?
Then they ask about carried interest which hopefully isn't relevant.
I've be grateful for some help because I don't want to get it wrong and pay too little or too much tax.
Thank you.