beancamel

Hi, The question wasn't whether I need to use the losses, but whether I need to report anything (gains/losses/both?) to HMRC if the total gain+loss is overall below the tax-free threshold.

Hi, If I have a capital gain just above the annual tax free allowance (say, £3,200), and a loss that would take me back below it that I don't intend to carry over to any other tax year (say, -£300, for an overall gain of £2,900), do I need to declare either of these amounts to HMRC? I've never made a gain above the annual allowance before and also don't do self assessment tax returns normally. If I have to declare, do I declare both the gain and loss, or just the loss as the overall gain+loss is below the threshold? Can I do this easily online or would it be better to write to you? Thanks, beancamel