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Posted Tue, 06 Aug 2024 11:50:18 GMT by Manila
Hello, I would like to know if my husband has to declare his capital gains tax in the next tax return. His situation is as follows: - he has an income tax of about 30000 GBP, for which he does tax return in the tax year 2023 / 2024 he sold crypto for about 18,000 GBP (about 23,000 USD, fees included for disposal consideration), making a profit of about 2,500 GBP (about 3,000 USD). He has no other capital gains. does he have to declare this capital gain in his next tax return? Thanks!
Posted Thu, 08 Aug 2024 14:53:20 GMT by HMRC Admin 25 Response
Hi Manila,
If your husband meets the following criteria the gain will need to be included in his tax return.
1 - is your husband required to complete a Self Assessment tax return for any other reason
2 - Is the disposal value over £50000.00.
Only if the answer is 'yes' to both questions, will the disposal need to be included in the SA return.
Thank you. 

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