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  • RE: how to undo a mistaken registration for self-assessment?

    Hi, as per the link that you shared, this advice is to "help you fill in the Capital Gains Tax summary pages of your tax return", so it assumes that one is therefore already registered. The guidance that I shared previously does not make that assumption, so must be more applicable to my situation. It appears therefore that I registered for self-assessment mistakenly, so then my question remains: is there a way to un-register myself? Many thanks
  • RE: how to undo a mistaken registration for self-assessment?

    Thanks, I'm referring specifically to the following guidance on HMRC's website: "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 4 times your allowance -you’re registered for Self Assessment" The wording is specifically "both", not "either", is this guidance incorrect?
  • how to undo a mistaken registration for self-assessment?

    Hi, earlier this year I registered for self-assessment as I had disposed of chargeable assets in excess of £50k last year. This was the sole reason for my registration, and I am not required to self-assess for any other reason. I have no CGT to pay on those disposals as I am under the £12k threshold. I believed that I needed to register because my disposals were over £50k, however it has since come to my attention (on HMRC website) that there is no need to declare disposals if not previously registered, so I should not have registered. In light of this, can I unregister myself and if yes how?