sale of shares

Hi, Sorry to bother you but I will need a 'yes' or 'no' answer, if possible, to that question. I 'm a French national living in the UK and I'm resident there for tax purposes. In the 2020-2021 tax year, I had to sell the shares that I had at my bank in France in order to gain some liquidity as Covid was happening. And the question is : was I supposed to declare this money to the UK? I received, in total for the tax year, the equivalent of 9,432 pounds, which was below the annual exempt amount at the time (£12300) for the capital gains tax (https://www.gov.uk/guidance/capital-gains-tax-rates-and-allowances).... so I shoudn't have been taxable, if I'm not wrong..... But the questions remains : should I have had reported this money, anyway ? I have a doubt since I read the gvt page on this (https://www.gov.uk/capital-gains-tax/work-out-need-to-pay) and here's the part tgets me confused : "If your total gains are less than the tax-free allowance You do not have to pay tax if your total taxable gains are under your Capital Gains Tax allowance. You still need to report your gains in your tax return if both of the following apply: - the total amount you sold the assets for was more than 4 times your allowance - you’re registered for Self Assessment " The way I understand this is that they give 2 conditions for having to report your gains : - one of them is I having registred for the self-assessment, which I have - and the other one is having had proceeds that are equivalent to 4 times the allowance...so if I'm not mistaken : 4 x 12,300 = 49,200...and as I said I received, from the sale of my shares, a little more than 9,000 pounds for the tax year in question so that I would be way below the thresold then so I shouldn't have had to report it...did I understand this correctly ? I'm asking because I'm afraid of having made a mistake...if I didn't report it whereas I should have, could I have a penalty for this (eveni if no tax was due) ? Many thanks,

Hi,
The threshold you mention is in relation to UK shares.  
Any gains arising from the disposal of overseas assets, no matter how much or how little; even if they are covered by the annual exempt allowance, should be declared in a self assessment tax return.  
Where it is too late to amend the tax return, you should declare the capital gains in writing, sending the letter to H.M. Revenue and Customs Self Assessment BX9 1AS, even if your annual exempt allowance covers the capital gains, so that no tax is payable.
Thank you.
 

Hi Many thanks. But, sorry, just to be clear. 1) Even if it's a disposal of foreign assets, the annual exempt allowance at the time should cover it, right? And therefore no tax will be due, is thar correct ? 2) Could I have a penalty (and of how much) for not reporting it (even, again, if no tax should be due)? To be honest - and sorry for saying that - but I asked the same question at the time to this forum and I'm pretty sure I was answered that I didn't need to report it since the income since since it below the allowance... and I made a little research on this forum again and this answer is still given, even for fidposal of foreign assets...I mean, that's fine but it's just that sometimes I think that things are not always very clear and it can be a little bit stressing. Thank you for your help again,

Hi J G,
The disposal of any foreign assets, should be declared in a Self Assessment tax return, even if the annual exempt allowance covers any UK Capital Gains Tax liability.
Failure to submit a tax return, could result in numerous penalties, from late filing to late payment.
Please have a look here:
Penalties.
Penalties are also charged interest.
The calculator here:
Estimate your penalty for late Self Assessment tax returns and payments
Helps you to estimate penalties that Self Assessment can impose.
Thank you.