23 Jun 2019

A question about : (solved by private consultation offline)

I must be writing the wrong questions !
451 views and 6 replies !

Best answers:

  • Call early for the best chance of being answered (from 07:45). And the calls aren't costly, the 0300 number costs no more than a standard national rate call from a landline, and will be included in any inclusive minutes you have on a mobile.
  • No one ? !
  • I don't really understand the question but perhaps that's because I feel I need more info.
    If your a UK resident and pay tax on other bits of income / investments then yes I would disclose it on the back page of the self assessment form. I would not go down the road of not mentioning it even though you feel you don't owe any tax (if you don't owe any tax they cant take anything, however if you do owe tax and they find out then your in trouble).
    I recently sold some shares and even though I sold an amount that was less than the capital gains threshold, I still disclosed that I sold X shares receiving Y money and Z was the cost of sales = to profit below the CGT threshold). If they want to see the actual paperwork then that's fine with me as I have nothing to hide.
    I have to do a self assessment form every year as I's a 40% tax payer and have savings of Ј6,000 in the bank and receive dividend payments from some other shares I have (although I only get approx Ј30 in dividend payments in the year)
  • Why not ask the guy who sold it to you instead as he or she would know the rules.
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