Does a Capital Gain of less than £3k have to be declared if completing an SA?

hallmark

Again, something I'm not totally clear on & guessing some others might be similar.

During tax years 22-23 & 23-24 I built up a holding of a Silver ETC (various purchases totalling a cost of £10,011.26 excluding fees, no sales)

I sold the lot in Feb '25 for £12,953.77 excluding fees (then repurchased over 30 days later but I think that part isn't relevant here)

So presuming fees are not factored in CGT calcs, I made a capital gain of £2,942.51.

As that's under the £3k allowance, do I need to include any of the above on my SA?

I've read conflicting guidance on this.  Some sources say that if the gain is <£3k then no need to report it.  Others say that if you aren't required to do an SA then that's true, but that if you ARE completing an SA anyway then you must include the gain even if it's under the £3k allowance?


Thanks

jaypers

My understanding is that you only include details if you made a capital gain in excess of the allowance. Happy to be proved wrong.

masonic

No, you only need to include those pages if you have a taxable gain or wish to carry forward losses.

SnowMan

As your capital gain is less than £3,000 and your sale proceeds are less than £50,000 you don't have to complete the capital gains tax pages of your self assessment tax return.

https://www.litrg.org.uk/savings-property/capital-gains-tax/capital-gains-tax-reporting

poolboy

Thanks i made a capital gain of 2.9k this tax year and understood i had no need to declare on my sa.  i too am waiting for the 30 day window to buy back.

schiff

SnowMan said:

As your capital gain is less than £3,000 and your sale proceeds are less than £50,000 you don't have to complete the capital gains tax pages of your self assessment tax return.

https://www.litrg.org.uk/savings-property/capital-gains-tax/capital-gains-tax-reporting

That has proved very useful TY. I recently sold a property at a gross loss and wasn't intending to notify HMRC as it was a loss and I don't need to establish the loss for other reasons. But the sale proceeds exceeded £50K!