How To Report A Capital Gain To HMRC via Self Assessment Tax Return

[@nickashford7723]

I have some shares from an employee share scheme that I now want to sell. The problem is I have no record of how much I paid for as Ive had them for eighteen years. Even the companies registrars department can't tell me how much they cost. How I can I record a capital gains or loss, if I don't know how much I paid in the first place. Total value of shares about £40K at present.

[@paul_tm]

You talk in video of uploading excel sheets - but no such option seems to exist. HMRC accepts PDFs only - "Note: You can only upload true PDF file formats. A maximum of 20 attachments are allowed and the total size of these attachments cannot exceed 5Mb" - this is from the self assessment form.

[@shivanipandya6849]

Hi , If sale property sale in India and get money in uk account with capital gain when and how i put amount .

[@dreamlab01]

My P60 has an * next to "In this employment" figure and it states use this for your tax return if you get one. If that figure is less than 50k do you need to do a tax return as a PAYE employee? I don't meet any other requirements (Capital gains etc.)

[@Seadog63]

No, if you only have PAYE income of that level and savings interest is below the threshold to report you don't need to file an SA100. www.gov.uk/self-assessment-tax-returns/who-must-send-a-tax-return

[@kking999]

what if you have no income or self employment just have capital gain like 4000 to 10000 pounds. do you need to submit tax gain or what will be tax on this ?

[@gevideos2702]

thanks bud, how do you report a cryptocurrency capital gains loss?

[@robertmiles6886]

Very interesting and informative, how would one calculate capital gains on a property purchased 30 years ago

[@finansowykretyn]

Excellent video. Thank you. Crypto CGT self assessment would be very interesting too.

[@tax2ulimited]

Great suggestion!

[@1521joe]

@@tax2ulimited hi, is there capital gains tax to pay on crypto you purchased and held for 2.5 years, and now selling for 50k profit? thanks

[@chamcham2442]

what is type of asset of stock and index options? listed shares and securities ? or other property, assets and gains?

[@nonshatter7]

7:33 Do Tax 2u or Taxscouts count as a tax advisor?

[@NazHaque]

Hey @tax2u limited, I love your videos; very clear, concise and informative. I'd love to see a video on how to dispose of EIS & SEIS certificates. Also for the scenario where we've claimed the initial 30-50% in past years.

[@mrfoameruk]

I'm confused about the time. On HMRC it says CGT needs to be paid within 30 or 60 days. But it seems on here you pay it in a year? After watching to the end it seems if the tax is high ie £50,000 then they ask for it all straight away. Is that correct?

[@Seadog63]

You must report UK property gains within 60 days of completion using the separate online facility. The payment of CGT must also be made in that timescale. This video does not cover that type of disposal.

[@MrBfJohn]

I sold a house that I rented for a few years after living in it myself. I have already notified HMRC, and paid the capital gains owed. Do I also need to fill in this section of my self assessment (Self employed electrician)? If so, will HMRC then charge me again even though I have already paid? TIA

[@Seadog63]

You put the same details on the SA100 return along with the 60 day return reference and credit for the tax you already paid. There is no automatic joined up process by HMRC.

[@nonshatter7]

You have a great depth and clarity to your explanations. You almost make self-assessment tax a fun thing. Almost.

[@kezhere]

If I have no capital gains, just a regular salaried job, but I want to report losses from stock trades. Do I also have to start from where you started with taylor your return? Thanks

[@ah1706]

You don't show how to claim badr relief which is what I wanted

[@Seadog63]

Go and see a Chartered Tax Adviser.

[@ramkrishnashrestha]

Great video on capital gain. I have a question and i need help please. I do CFD trading since Dec 2017. i have made lost in 2017-2018, 2018-2019, 2019-2020, 2020-2021, 2021-2022 but made profit over £13000 in 2022-2023. Now, I never new i have to do self-assessment tax return for CFD trading until recently. This year, I am doing 2022-2023 tax return. can I offset the losses i made in 2021-2022 and before years, with the gains i made in 2022-2023, though I did not report HMRC about the loss I made? I have excel worksheet of all the CFD trading, which i can upload. Please reply me or if you are making another video, please explain this.

[@lightning3a]

Hi 👋 this is a great video. Any chance you could tailor this to Crypto currency. Many thanks

[@Zero-Investing]

Can you carry a loss forward if you haven't declared it? Not declared because you're an employee and do not normally submit tax returns.

[@2namtaB]

This was an interesting video. I too sold some Tesla shares in a bed to isa transaction. Working out if you owe anything is tricky as the stock has had a stock split twice now, so working out the buying price is hard. Especially since on average I've been buying on a monthly period for some years now.

[@leeprice9608]

Do you guys deal with crypto capital gain tax advice?

[@Narinder-q9m]

Hello can you assist-how would you attach the hs290 form for claiming provisional relief on my capital gain to the self assessment gorm

[@wehatethecold]

Is that capital gains loss a loss on disposals of assets or can you include your income losses?

[@Seadog63]

Generally income losses are separate from CGT losses. Get professional help

[@OnlyKnowsGod]

Why dont you guys make a tax self assessment video for working people with a side hustle.

[@tonivaripati5951]

TRUST NO ONE, there is always a grass!

[@chaosisfun49]

great video a lot easier to follow than hmrc. But a quick question i've got over 400 transactions in commodities i.e. gold silver please tell me there's a easier way than entering each one. also where would any interest for or against be tablulated im assuming it would be in incidental costs

[@louiseknight9506]

My tax is paid by paye. How to declare if I have more than 1000 pounds interest ?

[@ClarissaSpritzer]

👍👍👍

[@lumbarsupport]

It's difficult to find anything here or elsewhere which explains CGT in anything other than a one off current year tax calculation. What happens when you sell 6 years after you buy? Surely you should be able to accumulate those six years of annual personal CGT allowance to offset the total gain, to prevent the unfairness of being taxed on an appreciating asset when inflation over those 6 years may have eroded most, if not all, of the gain

[@Seadog63]

No you don't get to utilise the annual exemptions for those 6 years. The exemption in 2024.25 is now only £3,000.

[@davidcaple5547]

Hi, I have an issue with reporting a BTL capital gain/liability. My wife disposed of a BTL property in June 2022 and we completed all the HMRC requirements on their website for them to advise the estimated CGT payable within 60 days of the sale. This was duly paid. The calculation was only an estimate because my wife's income position had to be estimate for the rest of the 22/23 tax year and the gain took her into the higher rate of CGT for BTL disposals. We are now completing her full 22/23 tax return and I can find no trace of the computation nor the payment in her tax account with HMRC! Can you advise how I can recall those entries and tie them into the end of year tax return. For reasons you mention in your video I would like to explain any possible questions, if any, before they are asked! Hope you can help.

[@Seadog63]

Login on the UK property pages using her Personal Tax Account. That should bring up the reference used. Also the email sent at the time carries the payment reference used for 60 day reporting purposes. You will enter the 60 day reference on the SA100 and include the credit for the CGT paid on the 60 day report. If still struggling get a Chartered Tax Adviser to help you.

[@jay-lr1hw]

How do you do this with crypto?

[@Ricky-tr2hd]

My elderly parents knew nothing about CGT. One year later they still haven't paid it.

[@Seadog63]

Oh dear they will be in penalties then unless they have a reasonable excuse.

[@spencerjames149]

So my question is that I've made a loss on my crypto investments in the relevant year but have only limited records on those transactions (was still learning) who know Koinly existed. Anyway if I dont want to 'claim' a loss for that year, do I have to attach any computations? It seems to indicate that I only need to if 'you wish to claim an allowable loss' their words on the filing. Thank you grat video👍

[@Seadog63]

No claim = no loss allowed.

[@alstonsteve]

Yes agree with many others, your video explanation is thorough. However when your stocks investments are where dividends have been re-invested how do you calculate the capital gain when you finally sell just a portion of the fund?

[@tax2ulimited]

Yes it can become pretty complicated based on each individual situation. If you need our help, just sends us an email to [e-mail] and we can provide a competitive price and help you with your specific situation.

[@adrianmcdonnell9085]

Great Video. Could you confirm if in the Bank interest section you have to declare all interest received , even in current accounts, saving account’s, stocks and shares account? Also, if you are under the capital gains allowance, do you have to declare this on your tax return?

[@tax2ulimited]

Yes you have to declare ALL INCOME. Thank you for your feedback and attention. if you need our help and have a specific question, just sends us an email to [e-mail] and we can provide a competitive price and help you.

[@christopherzdanowicz7545]

So I trade the forex markets. My investment and £6000 I don’t have to declare till I go above that is that right?

[@tax2ulimited]

You would need to declare it only when you sell what you invested and see if you made a profit or a loss.

[@adrianmcdonnell9085]

Do you offer advice on ways of reducing tax liability? If so , I might give you a call

[@tax2ulimited]

Thank you for your feedback. if you need our help, just sends us an email to [e-mail] and we can provide a competitive price and help you.

[@channell9292]

Really helpful explanation, thanks!

[@LAP1660]

Thank you. What should I do if I have more than 20 transactions?

[@Seadog63]

Attach a pdf generated from excel computations to the SA100.

[@SandraEvans-f4j]

Where do you enter capital gains tax already paid, in your self assessment return?

[@tax2ulimited]

Form SA108 box 12 link PDF here assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1148433/SA108_Notes_2023.pdf

[@kwikbit]

Thanks for this ...however I lost a load in the crypto LUNA and USTC debacle in May 2022 and want to put it that in as a Capital Loss - but am not exactly sure how to do this 🤷‍♂ In particular an example/sample spreadsheet of how to enter the calculations in a form which the HMRC approve would be good. Essentially where you have different purchase dates/FX rates /quantities and also different sell dates/quantities ,etc... I have my own spreadsheet for this purpose but if there was a standard exemplar version around, then that would be good... and also knowing which actual boxes to put the calculated values in would also be good !

[@tax2ulimited]

Yes it can become pretty complicated ... If you need more help just sends us an email to [e-mail] and we can provide a competitive price.

[@g30rg35]

Is there a video which you could recommend for completing a tax return for capital gains while I am also being taxed under PAYE

[@OnlyKnowsGod]

I agree. I'm running a side hustle on the weekends whilst working for my employer five days a week. I haven't found a video detailing tax for my assessment.