Moved Back to the UK and Looking for Help with Vanguard Account Regarding Self Assessment

Mercurial

Hi,

I moved back to the UK recently and I've got a question regarding a non ISA Vanguard account I've set up.

I've recently received a tax consolidation certificate from Vanguard which I'll report my very small dividends payment onto my self assessment.

Say my investment increased by 21% that will be reported in the Capital Gains Tax when I decide to cash in. I don't report on the self assessment?

Apologies if this is a stupid question but just wanted to check.

TIA.

artyboy

nope, gains are only reported once they are realised, so no need to report a notional gain on an investment that is still 'in play'

also bear in mind that you have a £500 tax free allowance for dividends

Notepad_Phil

https://forums.moneysavingexpert.com/discussion/comment/82046927#Comment_82046927

Though if you are in self assessment then you would still declare those dividends.

DRS1

You also have a CGT annual allowance of £3k (that is the gain). You may want to keep that in mind when selling the Vanguard funds. Unlike the dividends if your gains are under the £3k then you don't need to include them in your self assessment (unless you sell over £50k worth)

If you have been non UK tax resident you may want to look up FIG.

Check if you can claim the 4-year foreign income and gains regime - GOV.UK

Mercurial

https://forums.moneysavingexpert.com/discussion/comment/82046927#Comment_82046927

Brilliant thank you 😊

Mercurial

https://forums.moneysavingexpert.com/discussion/comment/82046952#Comment_82046952

Thank you, that's really helpful.