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Posted Sun, 29 Oct 2023 16:44:36 GMT by Kazim116
I am an UK resident. I have sold some shares on 06-Apr-2022. The Selling market value is GBP 26,579.36. After deducting cost, the Net Gain is GBP 10,488.90. I have questions as below, can you help to review and advise? 1. According to the 2022-2023 annual tax-free allowance or known as the annual exempt amount (AEA), the amount is GBP 12,300.00, so does it mean that I will not need to pay any Capital Gain Tax? 2. The total amount of sold shares, GBP 26,579.36, is less than 4 times of allowance GBP 12,300.00 (total GBP 49,200.00), does it mean that I do not need to report for any Capital Gain Tax? Thanks.
Posted Tue, 31 Oct 2023 15:07:19 GMT by HMRC Admin 17 Response


Hi,

That is correct on both accounts .

Thank you.

 

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