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Posted Tue, 21 May 2024 17:38:17 GMT by AA L
Hi HMRC, May I check if the following understanding is correct? Income for 23/24 Summer job (3 weeks): GBP1500 (already deducted tax and NI automatically by the employer via Paye) Interest income: GBP100 from both UK and overseas bank accounts Capital gain from stock A: GBP100 Capital loss from stock B: GBP50 (but repurchased within 30 days and the holding is kept until now) A self assessment tax return filing is required despite the fact that my employer has already deducted tax via PAYE, and the total income is below the GBP12570 threshold. In the tax return, salaries, interest income and capital gain from securities A should be filed. For the capital loss of stock B, it should not be reported or filed as it was repurchased within 30 days. Many thanks
Posted Fri, 24 May 2024 13:24:56 GMT by HMRC Admin 32 Response
Hi,

You are correct.

Thank you.

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