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Posted Wed, 06 Mar 2024 14:06:51 GMT by GravityM
Hi there, Just have a question regarding capital gains tax on crypto assets where the gain is under the £6000 threshold for the tax year. This morning I sold my crypto and pulled out around £13,000. This is based off an investment that I had made which was priced at £7,400. This gives me roughly £5600 in gains from my initial investment, so I believe that I don't have to pay any capital gains for this tax year. I held the crypto asset for over 2 years. The question I have is - even though the amount I have in realised gains is under the £6000 threshold, do I still have to file a CGT form to inform the HMRC of this gain? I appreciate any information you can provide, thank you
Posted Thu, 07 Mar 2024 12:20:44 GMT by HMRC Admin 20 Response
Hi GravityM,
No. You are below both the reporting and annual allowance figures for 23/24.
Thank you.
 
Posted Wed, 09 Oct 2024 09:40:55 GMT by Shruti
Thank you , I also had similar query and this response helps

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