Self Assement and CGT

sorcerer

This year I will need to fill in a Self assessment form for the first time. I have made about £1000 profit on selling shares in this year, but this will below the CGT threshold. Do I need to declare this even if I don't have any CGT to pay.


Thanks

scragend

If your gain is below the exemption (which yours obviously is), then you only need to fill in the CGT pages if the total sales proceeds are more than four times the exemption amount (so £43,600 for 2013-14).

So you don't need to declare your gains.