You can declare equalisation payments from a unit trust in SimpleStep or HMRC Forms mode.
SimpleStep mode
- Go to Capital Gains Tax > Asset Details.
- Enter the equalisation payment marked as Trust: gain attributable to you (From the drop down box).
- Continue to complete the information relating to the gain.
HMRC Forms mode
- Go to Capital Gains > CG1.
- Enter the total gain in box 3.
- Go to CG2.
- Enter the required information in boxes 30 to 37.
- Enter any additional information in box 38 if needed.
- Click on Check & Finish.
- Click on Attach and Add PDF.
- Click OK to the pop-up message relating to the attachment name.
- Browse to where the PDF file is saved and click on Open.
Please Note: The equalisation payment itself is not treated as income but as a return on the initial price paid. Therefore, when you calculate the gain made, you have to deduct it from the acquisition cost of the original investment.
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