Self assessment for stock trade

May I ask whether i need to fill in the self assessment for 2023-2024 year if i have buy and sell the stock in HK and US stock market? I have achieve a net loss after whole year. Shall i still fill in the assessment form if the trading amount exceed certain amount of money?

Hi, If the disposals were in excess of £50,000 yes you need to complete the return. If not, you can notify HMRC of any capital losses within 4 tax years should you wish to use them at a later date Thank you.

Hi, May I know how to notify HMRC of any capital losses please? Can foreign income gain be offset by capital loss? Thank you.

Hi,

You can claim foreign capital gains losses in your self assessment tax return. You declare the losses in the capital gains section. Foreign income tax and foreign capital gains tax are two separate taxes and one cannot be set against the other.

Thank you.