From: Ronald Raygun 
Subject: Re: House sale - Capital gains tax?
Newsgroups: uk.finance
Date: Wed, 23 Jul 2003 23:20:36 GMT

Andy Coleman wrote:

> Ronald Raygun  wrote in message
> news:...
>> 
>> They were wrong.  Well, perhaps not, it depends on how much CGT
>> they reckoned you'd have had to pay.  The facts appear to be that
>> the flat was your main residence from Jan-Aug 2001.  Therefore you
>> ought to have been eligible for PRR for 36 of the 47 months of
>> ownership.
>> 
> 
> So if this is the case then can I reclaim the tax back from the IR? I
> suspect that the answer to this is no, ie the responsibility for
> filling in the self assessment was mine therefore any mistakes are
> mine.

You say you "consulted a local accountant".  Was that over a pint
at the local or was it proper "advice"?  If the latter, go back to
him and get him to sort it out.

If you used advice from the IR, and misinterpreted it, then the
least they should do is allow you the opportunity to correct an
error if one was made.