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Posted Fri, 15 Mar 2024 14:02:38 GMT by AdviceSeeker12
Hi, I'm a PAYE tax payer, never done self assessment. If this tax year, I have capital gains from share proceeds all under the £6,000 allowance, am I correct in thinking I do not need to register for self assessment? (total sales are not 4x the allowance) Does this change if there is a £1,500 loss from this year also included, but the total capital gains stay under the £6,000 allowance? Kind regards,
Posted Thu, 21 Mar 2024 11:15:25 GMT by HMRC Admin 25 Response
Hi AdviceSeeker12,
You only need to register for Self Assessment, when a capital gain charge arises in the tax year and you have not reported and paid the Capital Gains Tax, using the online realtime capital gains service by 31 December following the end of the tax year.
Report and pay your Capital Gains Tax
Thank you. 


 

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