Profit from sale of shares in foreign account

Hi, I have dealing account in US, when I sell shares (US shares) and make profit 1) Do I need to declare this sale in my self assessment if the profit is less than 6000 & sale is less than £40000? 2) if my profit is greater than 6000, where do I declare this sale in self assessment, as part of foreign income or in CGT section? 3) If my profit is greater than 6000 but do not transfer money to UK, do I need to declare this sale in self assessment? Thanks

Hi,

1. For 2023 to 2024, if the gain is below the annual exempt amount of £6000, or below a disposal of £24,000 then you do not need to declare this.    
2. If over either of these, the details will be shown on the capital gains section of the tax return. If tax has been paid abroad on the gain, you then also include it at the foreign section and claim Foreign Tax Credit Rrelief.  
3. If you are UK resident and domiciled, you need to declare your worldwide income whether you transfer the funds to the UK or not.

Thank you.