ISA disposal proceeds, do I need to report to HMRC?

GoogleIsNotEnough

I know that I am not required to pay capital gains tax on stocks and shares that I hold within my ISA when I sell them. My questions is, am I still required to complete the capital gains form and report this to the HMRC if my disposal is more than £49,200 this tax year? 

For example the CGT summary notes for the 2019/2020 tax year state the following:
"Fill in the ‘Capital gains summary’ pages if: • you sold or disposed of chargeable assets which were worth more than £48,000"

Does this include the disposal of shares within a Stocks and Shares ISA? So if I sold £60k shares from my ISA would I need to report this?

Thanks in advance, I cannot find any resources online that clarify this.

eskbanker

https://www.gov.uk/capital-gains-tax/what-you-pay-it-on clarifies that "shares that are not in an ISA or PEP [...] are known as ‘chargeable assets’", i.e. those inside an ISA aren't chargeable and therefore don't trigger any requirement to complete that form.

AnotherJoe

To the OP.... No. No no no no no.

Oh and in case of doubt.

NO