Other providers of savings accounts and also investment accounts provide an Annual Tax Certificate to make filling out self assessment tax returns easier.
This feature would be really useful if it could break down the Capital Gains/Losses, UK dividends and Forign dividends in to seperate sections produced in a single Annual Report for each account.
It would make doing what can be what is an already stressful process without investments much easier if this feature was added.
Really hoping for this feature for the coming end of the 2019/2020 tax year
This will be especially useful for people with their own business who get paid via dividends. It means the £2k dividend allowance is always used and tax has to be worked out for all non-sheltered investments.
As a first step towards this maybe we could get the ability to export all operations in the activity feed as a CSV. At least that way we could do our own calculations
This needs to be done…I’m spending more on accounting fees than I’m saving using free trades. If freetrade wants to get customers with large accounts, they need to support proper tax reporting.
Another must. As with other report / activity based ideas. These are a must for many people. Freetrade has limited use for me when I need to submit sufficient account records but Freetrade doesn’t support these types of report generation.
I’ve just had to painstakingly go through the activity page to compile the details I need for the tax return. I am still missing whether tax has been paid / withheld from dividends that also needs to go on the tax return
This is the worst aspect of Freetrade and is the reason I am probably going to quit using it. Trying to get the annual figures is the proverbial blood from a stone. I invest on other platforms (Interactive Investor and HL) and Reporting is a matter of course.