Jon5566

Thankyou for clarification.

Hi, I have recently started investing in us stocks and have made the mistake of buying stocks in a general invest account rather than a stocks and shares isa. I plan to sell the shares and buy them back in an s & s isa using my allowance for this tax year 23/24. I work out i will gain 7,000 with 2,000 losses putting me under this years capital gains threshold of 6,000. I do not file a self assessment so my question is do i have to write a letter to HMRC to declare the losses or are they automatically offset against the gains for this tax year meaning i do not have to report anything as long as my overall gain is not above 6,000. What would i need to do? Thankyou