Originally posted by ASB
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Previously on "SA online how to declare capital gain from share sale"
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If the value of your disposals is greater than 45 odd k (its in the notes) you do need to declare even if there is no cgt due.
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Originally posted by Clare@InTouch View PostHappens so often I lose the will to correct it myself any more!
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Originally posted by TheFaQQer View PostClare
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Originally posted by Clare@InTouch View PostYou may not need to declare it:
You'll need to complete the tax return Capital Gains Tax page if either of the following apply:
your chargeable gains - before deducting any losses - are more than the Annual Exempt Amount - £10,900 in 2013-14
the total amount you received from selling or disposing of assets is more than £43,600 in 2013-14
HM Revenue & Customs: What to report to HMRC for Capital Gains Tax
So if there's no gain and the proceeds were less than 4 times the annual exemption, nothing to report.
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You may not need to declare it:
You'll need to complete the tax return Capital Gains Tax page if either of the following apply:
your chargeable gains - before deducting any losses - are more than the Annual Exempt Amount - £10,900 in 2013-14
the total amount you received from selling or disposing of assets is more than £43,600 in 2013-14
HM Revenue & Customs: What to report to HMRC for Capital Gains Tax
So if there's no gain and the proceeds were less than 4 times the annual exemption, nothing to report.
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SA online how to declare capital gain from share sale
Hello,
How do I declare any capital gains on my SA from a share sale, I'm within the capital gains allowance threshold so no tax to pay but not sure how to put it on the return ?
Also when I bought the shares I was charged a trading fee 11.95 and stamp duty, do I need to factor these in on the figure I put on the SA so total cost to me was shares + fee + stamp duty or do I just list the actual cost of the shares only not including fee and stamp ?
Also what about when I sold the shares, do I just need to enter the figure the shares sold for before or price sold for - trading fee - PTM levey (PTM levey being some charge for trades over x value) ?
ThanksLast edited by ELBBUBKUNPS; 11 June 2014, 13:09.Tags: None
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