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Posted Tue, 06 Aug 2024 16:01:09 GMT by nsdc C
Dear Sir/Madam I have done around 30 forex trading transactions in the tax year 2023/24, both in overseas and UK. Within these transactions, a few transactions are GBP50,000. Total gains of all these transactions in the tax year is GBP2500 1) As the gain is under CGT allowance, do I need to declare these forex transactions in tax return 2023/2024 ? 2) If I need to declare in the tax return 2023/24, should I select "other property, assets and gains" ? Then, fill in 30 transactions in "The number of disposal" and declare GBP2500 in "disposal proceeds" ? Thank you.
Posted Fri, 09 Aug 2024 08:38:37 GMT by HMRC Admin 25
Hi nsdc C,
A Self assessment tax return is required.
As long as you have any overseas income or capital gains, then you will meet the criteria for completing a tax return, in which you will dedclare your world-wide income and capital gains.
Thank you. 
 

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