Confused3456

Hi, I inherited a sum of money, which went into a trust and was invested by the trustees. I now have access to this and wish to dispose of the investment. Firstly, when would you calculate the starting value for CGT? Is it when the trust originally invested it or when I received it from the trust? Secondly, I believe by either start date my gains (if any) are less than the tax-free allowance, but the value of the sale will be over £50000. The .gov.uk page on CGT states: If your total gains are less than the tax-free allowance You do not have to pay tax if your total taxable gains are under your Capital Gains Tax allowance. You still need to report your gains in your tax return if both of the following apply: • the total amount you sold the assets for was more than £50,000 • you’re registered for Self Assessment These rules apply from the 2023 to 2024 tax year onwards. I'm not registered for self assessment, so am I correct in thinking there is no need for me to report this sale even though it is over £50000?