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Posted Tue, 19 Sep 2023 09:22:52 GMT by
I sold shares in a company in Bulgaria and received £31552. Fees were £2030. The original purchase price was £22500 ie net profit of £6982. Do I have to declare this? Where do I declare this on my self assessment return?
Posted Fri, 29 Sep 2023 08:59:30 GMT by HMRC Admin 20 Response
Hi ricksareen,

If you are resident in the UK you are required to declare your worldwide income in your Self Assessment tax return.
Your foreign gain should be declared on SA108. 
If foreign tax has already been paid on your gain then you should also complete SA106 to claim your foreign tax credit relief.
Please see page 6 of SA106 at question 33 onwards – Capital Gains – Foreign Tax Credit Relief and Special Withholding Tax. 

Thank you.


 

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