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Posted Fri, 02 Jun 2023 10:44:03 GMT by
I have done some day trading in stocks and shares, and I am confused as to how to calculate the total proceeds that are asked for in the self assessment form. It asks whether I disposed more than £49,200 in the form. Later in the form it also asks about total 'proceeds'... If I have used a £20k investment to buy and sell loads of different types of shares over a few months, making profit/losses varying around £100-£500 from the £20k principle, how do I calculate the total that I have disposed of? I am assuming it isn't £20k for every time I sell the shares, otherwise I would have disposed of over £1 million, as I have done LOTS of transactions. Can you help explain how this is calculated? Thanks
Posted Tue, 06 Jun 2023 10:57:33 GMT by HMRC Admin 8
Hi,
Please refer to guidance at:
Shares and Capital Gains Tax (Self Assessment helpsheet HS284
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Thank you.

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