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  • RE: Declaring CGT Losses in Writing

    Thanks for the reply. This information is in contradiction to what is stated by HMRC on this thread: https://community.hmrc.gov.uk/customerforums/cgt/0996c23c-e76c-ee11-a81c-0022481b78d4 "The self assessment criteria would be 1, **is a tax return required for any other reason** and 2, is the disposal value over £50000. If yes to both questions, then the gain must be declared in a tax return, regardless of the type of asset disposed of." A tax return was not required for any other reason in my original query, so did not declare anything. Please clarify?
  • Declaring CGT Losses in Writing

    Hi Forum, I have never been registered for self assessment and would like to declare capital gain losses (in writing) for the 21-22 tax year. The losses were made through cryptocurrency trading, with 9 disposals in total. The total proceeds of disposal was over £50k in the tax year, however I did not report them because a tax return wasn't required for any other reason. I have three questions; 1) If I report the losses in writing with accompanying tax report (including list of the 9 disposals), will this be sufficient OR will I be asked to register for self assessment and report them in that way? 2) If I am asked to register to report them, will I be hit with a substantial late fee because the year I am reporting is 21-22? 3) Am I correct in assuming the deadline for reporting these losses in writing March 2026? Thanks in advance 

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