Dividend Income and Capital Gains - am I due?

samnorris2

Hi, just looking for some advice before I phone the tax office.

for the Tax year ending April 2009 I took the following on dividend income and capital gains. Do I need to fill in a tax return?

£346.58 Dividend Income
£257.43 Capital Gains

Just reading the HM Rev site I think I don't as it's below the £9600 threshold for CGs and £10,000 on Income from shares. But I'm asking to make sure I've not missed something or do I have to go through the motions of reporting it anyway. even though I might not have any tax to pay?
Hopefully this is an easy one.

Thanks

harryhound

If I remember correctly the capital gain is taxable if it is more than roughly 10K, BUT the transaction should be reported if its value is more than 4 times this nil rate band; presumably so that HMRC can keep tabs on people buying and selling to the tune of 40K+ per year?.

Not sure I understand what you mean about the reportable limit for dividends being 10K. Is it not your total income including the grossed up dividends that decides your income tax liability? You could be on the brink of the 40% band or a pensioner approaching the additional personal allowance claw back zone (ie taxed at 30%)?