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Posted Thu, 12 Dec 2024 14:47:43 GMT by Campbell158 Campbell
I sold foreign shares in 2023-24 for a gain of less than £6000 - should this be included in the Capital Gains section or Foreign Income sections? thanks
Posted Wed, 18 Dec 2024 15:55:23 GMT by HMRC Admin 18 Response
Hi,
It should be included in the capital gains section, as this will bring the gain into the self assessment calculation, after SA applies the annual exempt allowance.  If the tax treaty between the UK and the other country allows the other country to tax this gain, then you also declare in he foreign section, so that you can claim a foreign tax credit.
Thank you.

 

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