The taxpayer has a tax certificate with a tax code of 4251. What does this code relate to? Where can the taxpayer find this code on the tax return?
Author: Cecile Bothe
Important:
This answer is based on tax law year ending 28 February 2021.
Answer:
The description of source code 4251 is Loss - Local capital gain. You have to complete the details of the capital gains transaction in the relevant local capital gains container and capture the relevant source code if applicable.