Thanks for replaying. Please ignore my previous replay as was send accidental uncompleted. Please see my answers bellow.
Can you advise if a self assessment form is mandatory for reasons other than CGT
1) Yes it is mandatory for self employment income for wife.
2) No need for husband as he is employee.
Both have invested in separate accounts on listed shares through UK broker. So 1)-Yes and 2)-No
Last time i checked there was no need to complete a tax return if your gains are below the exempt amount whatever the disposal totals were.
Total gains for CGT purposes are bellow capital gain annual allowance which is £12300 (20/21). So as you are stating, there is NO needed to complete self assessment from my understanding ?
If you don't need to complete a tax return then you don't have the headache of being asked the £49,200 question (which is part of the tax return ) so potentially there would be no need to report (unless you want to book losses).
As I stated above, Wife needed to complete SA due to self employment income, Husband no needed due being employee. There are no loses to be reported.
In summary question only relevant if its known you need to do sa return for other reasons.
Sorry I don't understand this, if you have to do SA for other profits, why you have to report on CGT page when you are not required to do so if you are exempt because you are bellow annual capital gain allowance and you don't have to do SA only for CGT ?