We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Capital Gains Tax
Nelly321
Posts: 79 Forumite
in Cutting tax
I am not self employed and I have never had additional income in order to need to make a self assessment.
In 2015, 2017 and 2018 I sold a number of shares where I gained <£3k and the actual sale amount was <£5k. I was well within the CGT allowance.
Is my understanding correct that this would not have required me to complete a self assessment? On the basis that I was within the allowance, and that:
1. I am not registered for self assessment
2. The sale amount did not exceed 4 times the CGT allowance.
I’m not concerned that I owe tax, more for understanding the process.
1. I am not registered for self assessment
2. The sale amount did not exceed 4 times the CGT allowance.
I’m not concerned that I owe tax, more for understanding the process.
Thanks!
0
Comments
-
Your are correct, no need to complete a SA or report those small gains.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards