Personal Tax- 3001 6591 Capital Gains Tax box [CAL5] does not agree with the calculated value of +/-£x value

ias-10148

Personal Tax- 3001 6591 Capital Gains Tax box [CAL5] does not agree with the calculated value of +/-£x value

14th October 2011

IRIS Personal Tax

3001 6591 in hd:GovTalkMessage[1]/hd:Body[1]/MTR:IRenvelope[1]/MTRThe Capital Gains Tax Due amount entered in box [CAL5] does not agree with the calculated value of +‚-£x value. The difference is -+‚-£X value. Please check.

3001 6591 is a general HMRC warning that you have a Capital gain/share entry where a value entry or tick is not permitted by HMRC. Please review all the capitals gains/shares relevant for the year you are on.

1. This can occur where foreign tax credit relief has been claimed on a capital gain but the foreign tax credit relief screen has not been completed correctly. This screen must be completed to show the amount of gain under UK and foreign rules.
2. You cannot claim more FTCR (Foreign tax credit relief) than the amount of Capital Gain Tax due. You will need to review and edit that entry.
3. Please check all the asset/shares and other capital gain entries to see if there is a option which shouldn’t be ticked. Untick it and regenerate the return again. For example Edit | Capital Assets | Assets | Highlight any of the properties | Edit | Magnifying glass next to Land and Property | Untick ‘Liable to non-resident CGT’ | Press ‘OK’. OR you may need to untick the ‘business asset’ box.