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Posted Tue, 23 Aug 2022 14:58:52 GMT by Opal1
Hi I have a chargeable event gain that is subject to income tax. I am not sure if I need to complete a tax return. The gain is £18k, this does not move me into higher rate tax when added to my other income. Do I need to complete a tax return ? I don't normally do one.
Posted Wed, 24 Aug 2022 14:57:33 GMT by HMRC Admin 10
If you have no other Self-Assessment criteria, you will not be required to complete a tax return for Chargeable Event Gain which has suffered notional tax  and doesn't take you into Higher Rate Bracket.

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