How To Report A Capital Gain On A Self-Assessment Tax Return
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- เผยแพร่เมื่อ 26 ม.ค. 2022
- I'm showing how to report a capital gain on the self assessment tax return in the UK. If you have a capital gain that needs reporting HMRC then this video will help you to understand how to do this.
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This is absolutely brilliant, I am doing my return last minute, I have half a day left to submit and I am so extremely grateful I found this to clear my head and understand what I need to do. It helped me beyond measure, right time right place, right contents.
Thanks for the kind comment.
Your videos are brilliant, clearly explained and very helpful.
I usually do not comment on TH-cam videos, but I must say that your work, videos and your channel overall are fantastic! Thanks so much for providing these.
This is so helpful! Thank you so much for this 👍👍
By 2 mins you saved me a load of hassle on my tax return - AWESOME VID!
Thanks so much for this, doing my return today!!
Thank you so much. It is really helpful🎉
Great video. Thank you very much. Helped a lot!
Very useful video, already liked and subscribed! keep up the good work and all the best with your channel!
Awesome, thank you!
Fantastic vid - really helped me get my head around the capital gain section of HMRCs forms. Thanks !
Very welcome!
Very useful video as some1 new to paying my crypto tax, thank you sers!
Great video, do you know if capital gains can impact High Income Child Benefit Charge?
hi, thanks very much for making this updated version fr yr previous one.
i have question on self-employed day-trader paying income tax, do I report each trades like in CGT? does B&B rule applies to me?
For profit calculation, do I use the same calculation rule of CGT? Appreciate if anyone can help!
Fantastic video. Thanks a lot
You mention at the end you’ve answered all the questions regarding capital gains on a self assessment, but you haven’t. You went through listed shares and I was hoping you would go through residential property as well as the computation questions.
Have you another video on this I could watch? I’d be very interested as that’s why I watched this video in the hope you were showing how to report a capital gain on a SA return.
Very easy to watch so I hope you can assist
Thank you
Great informative video, can you pls make video on Foregion income section as well?
Very helpful thanks
Useful, thanks
Hi great video, if I’m reporting CGT on a rental property owned jointly with my wife. On SA108 disposal proceeds amount, do I put the whole of the actual sale proceeds or just 50% as my wife will be filling in her own SA108? Allowable costs should be 100% on my return or just 50%? Reported the sale within the time frame and paid the tax. Thanks in advance
Hi, What I should do if i have more than 20 Transactions ? Thank you so much. 🙏
Hello, have you done one of these for business asset disposal relief for a small single director ltd company that has been liquidated?
if the shares were in a US account. Does it go in this section or in the "foreign" section.? and how do you deal with exchange rate? My US account is in USD.
How can HMRC find out if I haven’t declared a profit on selling shares if I don’t declared it
is there a different section for chargeable events arising from encashing investment policies or do they also go under capital gains?
Yes any profit made after encashing investment policies will go under Capital gains
Do I need to calculate gains and losses from the 1st January to the 1st January or from April to April? Thanks
You will need to calculate gain and lossed from 6th April to 5th April the following tax year for each tax year. More info here www.tax2u.co.uk/income-tax-rates/tax-on-capital-gains
I’m a non-UK resident and have reported it online within 2 months after I sold the property. It was a loss and no tax need to pay. Now I have received the tax form to complete. So do I still need to complete capital gain tax summary? As the notes mentioned that I have to fill in when I disposed of chargeable assets which were worth more than £49200.
if I had a net capital loss of £1000 GBP in year 2020-21 and I filled £1000 in losses available to be carried forward in Self assessment of year 2020-21. Now, if in year 2021-22 I again had a net capital loss of £2000 (total capital loss of 2021-22 - total capital gain of 2021-22). In my Self Assessment for 2021-22 will I mention loss available to be carried forward as £2000 or £3000 (also adding £1000 loss carried forward from 2020-21) ?
Made capital gains in tax year 2021-22 on some crypto, I am using koinly to generate reports. In previous years though I have made a loss where on the SA108 form do I claim against the losses in previous tax years. Should I use box 48 and should I total up all the losses in Box 19 for all my losses to put into box 48? Do I need to complete another return for the previous years and fill in box 47 in order to carry forward. I completed tax returns but did not fill that box in and now I am wondering should I complete a new return but if I do that do HMRC think I have to be taxed twice?
What did yuou end up doing? I have a koinly report too but someome told me just to do the SA1 form?
@@HalalFoodTherapy sent in the lot via online portal and with the koinly reports
@21:36 - shouldn't it be £5,000 of expenses? Not £15,000?
what about capital loss please?
Good topic, there is a section where you can add the loss value. just sends us an email to info@tax2u.co.uk and we can provide a competitive price and help you if you need more help.
Why in self-employed box is tick no?
A capital gain does not fall under self employment. Capital gains are reported under their own section
This doesn't show "how" to report CGT, it explains "when" would you.