eddielee
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RE: Capital Gains Tax on Gold bars sales
Thank you for your reply and advice. Thank you so much. -
RE: Capital Gains Tax on Gold bars sales
Could you tell me the answer? Thank you verymuch. -
Capital Gains Tax on Gold bars sales
1)I bought 1 Kg Gold Bar Cast £46,403.00 by The Royal Mint in 11 November 2021. I sold back 1 Kg Gold Bar Cast £50,414.98 to The Royal Mint in 12 February 2024. I earned £4011.98. 2)I bought 500g Gold Bar Cast £24,752.60 by The Royal Mint in 23 March 2022. I sold back 500g Gold Bar Cast £24,027.55 to The Royal Mint in 2 August 2023. I lost £725.05. I understanding is these capital gains aren't over £6000 in 2023/2024 Tax year. I don't need to send tax return to HMRC and I don't need to do anything. Is it correct? Thank you so much.