Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Mon, 18 Nov 2024 20:08:42 GMT by bati
My total gain for the tax year 2023/2024 is below the £6,000 capital gains allowance, but I sold shares with a value exceeding £50,000. Do I still have to do tax self assessment due to the value of proceeds? Is it actually £50000 or 4 times annual capital gain allowance (4x£6000=£24000)? Also during the same tax year I earned £3000 form my saving account which was not an isa account. Does £1000 allowance applies and I have to pay tax only from £2000, is it another reason why I need to do tax self assessment?
Posted Tue, 19 Nov 2024 11:47:47 GMT by HMRC Admin 34 Response
Hi,
You can check if you need to send a Self Assessment return at:
Check if you need to send a Self Assessment tax return
Thank you

You must be signed in to post in this forum.