Completing Form 11 - acquisition of capital assets

Arbiter of Good Taste

I purchased a new house in 2013 as my PPR. I rented out my apartment and am now completing my 2013 tax return. Obviously I'm including my net rental income.

My question is whether in the information required on acquisition of capital assets do I need to include the house purchased in 2013, or does it just include assets subject to CGT on sale (which being PPR will not be provided the rules do not change)?

If not, do I need to include my other property now that it has moved from being a PPR to an investment property.

FAOD I have no problem including either or both, I just want to ensure I am including the correct information in is years' return.

Thanks

CIARAN_BOYLE

Arbiter of Good Taste wrote: »

I purchased a new house in 2013 as my PPR. I rented out my apartment and am now completing my 2013 tax return. Obviously I'm including my net rental income.

My question is whether in the information required on acquisition of capital assets do I need to include the house purchased in 2013, or does it just include assets subject to CGT on sale (which being PPR will not be provided the rules do not change)?

If not, do I need to include my other property now that it has moved from being a PPR to an investment property.

FAOD I have no problem including either or both, I just want to ensure I am including the correct information in is years' return.

Thanks

Am fairly sure that the capital assets is for assets that you are claiming capital allowances on

Arbiter of Good Taste

I don't think so, though I would see why you would think that. The form refers to shares, residential properties, etc. so I'm assuming it's to keep track of assets for CGT purposes.

NewApproach

Its for any asset which, if sold, would generate a CGT event. So yes, you should include details of the house you bought.

Arbiter of Good Taste

Thanks