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  • What exchange rates should be used

    HMRC Admin, I've sold 150 US shares (same company and same class) which were purchased in different dates and years, for example, 60 shares purchased in Dec 2020, 90 shares in Feb 2021. When filling in my tax return, do I need to use different exchange rates at the acquisition dates for calculation of gain or loss? Or just use the exchange rate on the date that they were sold? Thanks.
  • Gains and Losses in Selling of Stocks

    HMRC Admin, I had sold several stocks in the tax year. There were gains (G) and losses (L) but the overall (G minus L) was a loss. I have the following queries: (1) Should I fill in the gains (G) and losses (L) separately? OR fill in the overall figure (G minus L) in the tax year? (2) Could I ONLY fill in the amount of gains (G) in the current tax year, and then carry forward the loss (L) to the next tax year? Thank you.
  • Exchange rate on sale of US Shares

    HRMC Admin, I've sold some US shares in Nov 2023, which were purchased in Dec 2020 and Nov 2021. For declaration of Capital Gain Tax, do I need to use the exchange rates in Dec 2020 and Nov 2021 to calculate the costs of shares? Or simply use the exchange rate in Nov 2023? Thanks.
  • RE: Tenants in common: change of percentage and form 17

    HMRC Admin: Hi, grateful if you could advise on how to fill in a tax return for the rental income under the following situation: ***The property is owned by two persons who are not couples or civil partners, and they own different shares of the property (Tenants in Common)*** **How should I fill in the section *Details for UK Property *? Do I need to fill in the Form 17 together with legal document as a proof?** Or **Simply fill in the acutal rental income I receive? *Could I claim the **full amount of £1,000 property income allowance**? Thanks.
  • How to carry forward a loss in selling of shares

    Hi HMRC Admin, I've made a loss in selling of shares in the tax year 2023-24, please advise which box(es) I must fill in my tax return so that I could carry forward the loss to next year? And will there be a deadline if I do not claim the loss next year? Thanks.