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Kristian Charles Williams

Kristian Charles Williams

Jan 19, 2021

What in the what is an SA108?

The SA108 is a form used in addition to your main SA100 if you need to inform HMRC of any tax you may owe from capital gains.

What is the SA108 form?

Unfortunately the SA108 is not the patent for the latest James Bond gadget from Q.

Sadly it's a form. Just a boring old form. One of many boring old HMRC forms.

If you have to pay tax on your capital gains, you will need to complete the SA108 form and submit it alongside your SA100 (your self employed tax return form). 

TAXO'D TOP TIP - Another benefit of filing your SA100 form online is you will not need to fill out the SA108 form. The SA108 is only applicable to those filing to HMRC, in paper format via the post.

Use the SA108 if you have sold any of the following for profit:

  • Non-ISA shares
  • Cryptocurrencies, tokens or assets (eg Bitcoin, Ethereum) 
  • Valuable Items (eg Art, Jewellery and collectables)
  • Non-ISA shares
  • Any assets or property you sold for a profit.

Real-Time Capital Gains Tax Service

Real-Time Capital Gains Tax Service is not mandatory on all property sales. From April 2020, you only have 30 days to declare and pay CGT on property sales.

To find out more about the SA108 form (and indeed to download the SA108 form) you can visit the HMRC. 

Depending on your tax situation, often you’ll also need to submit additional forms:

If you need to fill out any of these additional forms just attach them to your SA100 form.

Why not let TAXO'D tax return app for freelancers handle all of your tax woes?

We provide an end-to-end tax solution for all freelancers and most self-employed tax payers. Record as you go, know what you owe and file direct to HMRC. No Green Form. No More Accountants. All from your phone or desktop.

TAXO'D is a salary tax calculator. You record as you go (on your phone or your computer) day by day, throughout the tax year. As the weeks unfold and you are actively recording your income and expenses. With TAXO'D personal tax app - you will see in real-time displays the tax and National Insurance that you owe.With TAXO'D tax return software know exactly what tax you owe and when you owe it. Simple.

TAXO'D mobile tax tool does away with the need for an accountant, saving you further money and time. If you are earning money independently and responsible for your own taxes then sign up today. And find out why TAXO'D is the best self assessment software for freelancers and contractors.

Tax Sucks! Spend less time and money on it with TAXO'D tax filing app

Disclaimer: This is simply a guide and should not be treated as tax advice. Contact HMRC directly if you need tax advice.

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TAXO'D blog Author

Kristian Charles Williams

Head of Growth, Partnerships & Mugician

A freelance human and one that resides in creative industries. For the best part I have been an independent musician and a (not-so-independent) composer.

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TAXO'D.  Beautiful, simple, award-winning, end-to-end accounting solution for freelancers. Record as you go. Know what you owe. Tax return, done. TAXO'D.  Beautiful, simple, award-winning, end-to-end accounting solution for freelancers. Record as you go. Know what you owe. Tax return, done. TAXO'D.  Beautiful, simple, award-winning, end-to-end accounting solution for freelancers. Record as you go. Know what you owe. Tax return, done.
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