Declaring profits on sale of shares less than CGT threshhold

Declaring profits on sale of shares less than CGT threshhold

Postby stig on Tue Aug 31, 2010 5:07 pm

Apologies if this has been asked before...

Do I need to declare profits on sale of shares (on my Self Assessment return) if the total is less than the CGT threshhold and there is no loss to carry forward to the next year?

I thought I read somewhere in the HMRC guide notes that this was not necessary.

Stig
stig
 
Posts: 36
Joined: Wed Aug 06, 2008 3:05 pm

Re: Declaring profits on sale of shares less than CGT threshhold

Postby pawncob on Tue Aug 31, 2010 8:32 pm

Reporting isn't necessary if sales are less than £40,400 and the gain is under £10,100.
With a pinch of salt take what I say, but don't exceed your RDA
pawncob
 
Posts: 2178
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex


Return to Capital Gains Tax

Dorifor Internet Marketing Dorifor Tax Group - our portfolio of tax sites:

UK's largest independent tax portal All the tax books on one site Global tax jobs portal List of UK recruitment agencies and employers Movers & Shakers in the global tax market