You may have to pay capital gains tax when you dispose of an asset. You make a 'disposal' when you sell, give away or receive a capital sum from your ownership of an asset. Complete this section if, during 1999-2000:
 

• you made chargeable gains of more than £7,100 or
• the total value of any assets which you disposed of came to more than £14,200 even if you did not make a chargeable gain (you can ignore gains on any tax-free assets) or
• you sold your only or main home and part of the gain was not tax-free or
• you made a loss on disposing of an asset in 1999-2000. Enter details, otherwise you cannot use the loss to reduce future gains.

If you have capital gains arising from assets overseas, you should still enter them in this section of TaxCalc. But if you had to pay foreign tax on the gain, and want to claim tax credit relief for this, enter the amount of relief in the 'Entered elsewhere' screen in the Foreign section of TaxCalc.
 

•  Check this box if you have disposed of your exempt only or main home.
• Click here to complete the Disposals screen. Enter details of each disposal separately, using the 'Add' button. TaxCalc can help you calculate the amount of the taxable gain/loss.
• Click here to complete the Trust gains screen if the gains of any trusts are treated as yours.
• Click here to complete the Losses screen. Enter unused losses from earlier years, and say how you want to use this year's losses.

You will need to complete the Inland Revenue Capital Gains supplementary pages to send in with your tax return. These pages are not available in TaxCalc Lite. If you want to buy the full version of TaxCalc go to www.taxcalc.com or ring 0800 252100 (Orderline only).

If you don't need to enter any capital gains details, click here to continue to the Other informationsection.