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Trading profit filling in SA returns?

everfor007
Posts: 83 Forumite

in Cutting tax
I am filling my SA, in 2019-20 i've started trading share i.e buying & selling from ig.com and for that year i've made £9K profit. Understood upto £12K tax exemption on capital gains of shares, my profit falls under tax exemption, still do i need to declare it in SA Form? if yes, pls advise on below
When i looked in SA -108 form, i believe i need to fill it under unlisted shares and securities, please advise how to filing below question
Number of disposals -> ? trading list is big, what should i need to fill
Disposals proceeds ->?
Gain in the return before loss -> £9k
When i looked in SA -108 form, i believe i need to fill it under unlisted shares and securities, please advise how to filing below question
Number of disposals -> ? trading list is big, what should i need to fill
Disposals proceeds ->?
Gain in the return before loss -> £9k
0
Comments
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You need to complete SA108 if your total proceeds from the sale of chargeable assets exceeded £48,000 for 2019/20, even when your gains are within the annual exemption. Presumably your account at ig.com will have the necessary details (you will need to do a computation for each sale). See https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/876771/SA108_Engish_notes_2020.pdf
Trading shares as an individual is almost never a trading activity.0
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