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Posted Thu, 29 Feb 2024 17:38:32 GMT by mingyeung1945
I am new to UK, have a few questions about the tax. 1.) I saw that the Self Assessment has to be registered on October, however, i just decided to sold some of my overseas stock in March, can i still apply a Self Assessment to report this transaction? Will i get any penalties on this? 2.) I have a loss in stock too, how can i report this to HMRC? What documents do i need to provide?
Posted Fri, 01 Mar 2024 15:00:56 GMT by HMRC Admin 25
Hi mingyeung1945,
Please refer to guidance here:
https://www.gov.uk/report-and-pay-your-capital-gains-tax.
If the losses are the same year, you will account for them when declaring the gain if for a previous year.
HMRC need to be made aware of the loss within 4 years of it arising.
You will need to send in a letter if this is the case giving details of date/price purchased and date/price sold and the name of the company the shares were in.
Thank you. 
 

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