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Thank you for your reply. An accountant will be representing me.

Thanks for that. I am not domiciled in the UK, and I am not bringing in any money from abroad. So, I do not need to report any capital gain/loss so long as they remain in my accounts in Canada. Is my understanding correct? Cheers.

Hi, I just learned that I can still report any capital gain/loss made since I have landed in the UK. I'd like to check my understanding. 1) I can still report any gain/loss made in the tax year Mar. 2021 to Apr. 2022 by Dec. 31, 2022. It is not too late. 2) I only need to report any gain/loss made since my arrival date in the UK. I do not need to report any gain/loss made while in Canada before landing in the UK. Any help would be much appreciated. Cheers.

Thank you for your reply. I have read the webpage. It is quite helpful. I'd like to confirm my understanding. 1) I do not need to report any capital gain or loss if I did not sell my shares. 2) Interests and dividends from stocks should be reported as capital gains. Also, I just registered for a Government Gateway ID and I am learning how to file a self assessment for capital gains/losses. Must I enter the capital gain/loss for every single stock? Or can I report a net gain/loss? Cheers.

Hi, I landed in the UK in Jan. 2022, and I started working in Jan. 2022 as well. I just found out that the UK tax year is quite different than Canada's, which coincides with the calendar year. I have been paying taxes via PAYE so far. I just learned that I should have reported any interests, dividends, and capital gains from my TFSAs. I am quite sure that any interests and dividends earned from the end of Jan. 2022 to the end of Mar. 2022 (about 2 months) were quite low. Should I report this now? Will I get penalised for reporting this now? I am still learning how to live in the UK, so I hope I won't get penalised given how little time I had earlier this year to deal with this, having freshly arrived in this country. Please advise. Thank you.

Hi, I recently moved to the UK, and I am thinking about how to prepare my Self Assessment form for 2021-2022. I have TFSAs and also hold some shares of a private company in Canada. (1) For the TFSA accounts, I only have to report any interests, dividends, and capital gains from selling the shares in them if the total gained exceeds an annual allowance amount. Is that correct? To further check my understanding, if I did not sell any shares in the TFSAs, then they do not affect the allowance. So, I will only have to report any interests and dividends gained in the tax year. Am I understanding this correctly? (2) I hold some share of a private company that I worked for while in Canada. I have not sold them yet, so I do not have any capital gains from them. So, there is no need yet to report it. Is my understanding correct? Any help would be much appreciated. Thank you.