Not declaring sub-CGT-limit gains

AIUI it is OK to not declare a gain provided no tax was due to start with.

So, if one is trading within a share portfolio, and each year makes the sub-£8k overall gain, there is no need to declare anything on the tax return.

Only if one wishes to carry forward CG losses from one tax year to next does one need to declare all the transactions.

Correct?

Reply to
Postman Pat
Loading thread data ...

No. You should fill in the CG pages SA108 if the *value* of your disposals exceeds £32800, even if the gain is below £8200 and no tax is therefore due.

Reply to
Ronald Raygun

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.