Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Fri, 23 Aug 2024 16:41:34 GMT by volavoka
Hello, I have sold shares that resulted in a gain, but the amount is less than the annual exempt amount of £3,000. I am not currently registered for Self Assessment. Do I need to report this to HMRC? If so, what is the deadline for doing so? Additionally, if the shares were sold in a foreign currency (e.g., US dollars), can I use an online website for the currency conversion, or is there a specific official source that I must use for these calculations? Thank you for your assistance. Best regards,
Posted Thu, 05 Sep 2024 16:24:13 GMT by HMRC Admin 25 Response
Hi volavoka,
So long as your combined gains in the tax year, are below the annual exempt allowance, then there is no need to report them to HMRC.
Thank you. 

 

You must be signed in to post in this forum.