Disposal of an asset

tribetown

I have filled in my self assessment, it is the first time I have needed to fill in the Capital gains section.

I have paid for a crypto tax software that generates reports.

This is what is written on the self assessment online form,

“you must provide a computation for each disposal of an asset which is not exempt from Capital Gains Tax. If you do not attach a computation you must provide the information in the any other information section”

I think the computation sheet they provide is for if you have up to 20 disposals, I have 3175 disposals, mostly tiny amounts.

In the capital gains section of the self assessment form there is a place to upload PDF files. What I have done is upload 128 pages of all my Capital Gains Transactions from the 169 page Koinly Complete Tax Report.
I also uploaded the 2 page Koinly HMRC Summary Report which states the number of disposals, disposal proceeds, allowable costs, gains and losses in the year.

Do you think that will be sufficient?

I have not filled in the "any other information" box yet. I do not think it is possible to upload files in that section.

Jeremy535897

You have attached a computation for each disposal, a summary, and the figures themselves on the return. That would suggest you need put nothing in the "any other information" box.
You wouldn't need to do anything if the total proceeds of all disposals are £50,000 or less, and the gain is within your annual exemption.

tribetown

Jeremy535897 said:

You have attached a computation for each disposal, a summary, and the figures themselves on the return. That would suggest you need put nothing in the "any other information" box.
You wouldn't need to do anything if the total proceeds of all disposals are £50,000 or less, and the gain is within your annual exemption.

Thank-you for the helpful reply.

The total proceeds of all the disposals is above £50,000 as I mostly sold and then bought another crypto currency and so on. The gains before losses were under £50,000. My gains after deducting my losses are above the £3000 threshold. 

I am hoping/assuming that the files I have uploaded are the equivalent or better than the computation sheet HMRC provided. There also is a maximum of 20 computation sheets allowed so uploading the PDF of my capital gains transactions seemed the way to go.

I was thinking of uploading the complete tax report which contains the above mentioned files plus other information like, asset summary, end of year balances, expenses, data sources but I do want to bombard them with files.

Nomunnofun1

tribetown said:

Jeremy535897 said:

You have attached a computation for each disposal, a summary, and the figures themselves on the return. That would suggest you need put nothing in the "any other information" box.
You wouldn't need to do anything if the total proceeds of all disposals are £50,000 or less, and the gain is within your annual exemption.

Thank-you for the helpful reply.

The total proceeds of all the disposals is above £50,000 as I mostly sold and then bought another crypto currency and so on. The gains before losses were under £50,000. My gains after deducting my losses are above the £3000 threshold. 

I am hoping/assuming that the files I have uploaded are the equivalent or better than the computation sheet HMRC provided. There also is a maximum of 20 computation sheets allowed so uploading the PDF of my capital gains transactions seemed the way to go.

I was thinking of uploading the complete tax report which contains the above mentioned files plus other information like, asset summary, end of year balances, expenses, data sources but I do want to bombard them with files.

No - don’t do that! Never give HMRC more than is required - if they want it they will come looking. 

Any time that I completed returns for day traders I uploaded the same files in pdf. 

I never had any issues. 

tribetown

Nomunnofun1 said:

tribetown said:

Jeremy535897 said:

You have attached a computation for each disposal, a summary, and the figures themselves on the return. That would suggest you need put nothing in the "any other information" box.
You wouldn't need to do anything if the total proceeds of all disposals are £50,000 or less, and the gain is within your annual exemption.

Thank-you for the helpful reply.

The total proceeds of all the disposals is above £50,000 as I mostly sold and then bought another crypto currency and so on. The gains before losses were under £50,000. My gains after deducting my losses are above the £3000 threshold. 

I am hoping/assuming that the files I have uploaded are the equivalent or better than the computation sheet HMRC provided. There also is a maximum of 20 computation sheets allowed so uploading the PDF of my capital gains transactions seemed the way to go.

I was thinking of uploading the complete tax report which contains the above mentioned files plus other information like, asset summary, end of year balances, expenses, data sources but I do want to bombard them with files.

No - don’t do that! Never give HMRC more than is required - if they want it they will come looking. 

Any time that I completed returns for day traders I uploaded the same files in pdf. 

I never had any issues. 

I see, thank-you.