How to declare income from sale of foreign shares below UK CGT limit

I sold shares that I held in a US company in the 2022-23 tax year. The total shares sold were worth less than £49,200 and the net gain was less than £12,300. Do I need to report this income in either the "Foreign income" section of my tax return or the "Capital Gains" section, or neither or both?

Hi Sophie Durham,

As this is a foreign gain, you do need to include it in the self assessment tax return.  
You would show the figures in SA108 (capital gains).  
As the gain is below the annual exempt allowance, no tax will arise and if you paid foreign tax, no tax relief is available.

Thank you.