What's the deal with tax on stock trading profits/losses

[Deleted User]

alewin said:

Jeremy535897 said:

The disposal is when the share is sold, not when you withdraw the cash from the trading platform.
You do not need to declare capital gains if your proceeds are no more than £49,200 and your gain is within the annual exemption of £12,300. 

Thanks for the info, I had just thought that because I fill out a self assessment anyway, I would have to enter any Capital Gains however small.

The appropriate paragraphs in the capital gains summary notes with respect to 2019/20 tax year:

Fill in the ‘Capital gains summary’ pages if:

• you sold or disposed of chargeable assets which

were worth more than £48000

• your chargeable gains before taking off any losses

were more than £12,000 (‘annual exempt amount’)