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Posted Mon, 06 Jan 2025 16:21:37 GMT by VH
Hello, my capital gain (from sale of Listed shares and securities) for financial year 2023-24 was £10k. I need to utilize the £6k annual exempt limit and pay tax on the rest. I have gone through the guidelines outlined here: https://assets.publishing.service.gov.uk/media/660bbb5e91a3206e4382b06b/SA108_Notes_2024.pdf My question: 1. Box 26 "Gains in the year, before losses" states "Put the total of any gains you made in box 26. This figure will be the gain minus any relief, claims or elections." Do I claim the 6k annual exemption via this section, and state "gains in the year, before losses" as £4k? 2. If the answer to Q1 above is no, how do I account for the £6k exempt amount in the self assessment? Thanks!
Posted Tue, 21 Jan 2025 15:14:00 GMT by HMRC Admin 8 Response
Hi,
No you donot account for the annual exemption in any boxes as this is given automatically in the calculation.
Thankyou.

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