Hi there, does everyone have a capital gain tax record of what you buy and sell and how much you made that makes it easier for filling out self assessment? Does anyone have any templates of a spread sheet I can use? I am right in thinking I still have to record everything and submit my earnings even though I haven’t earned over the CGT allowance?
Generally, if you are below the allowance, you do not have to fill it in your self assessment,
…unless you already have to fill out a SA for other reasons
I haven’t got any spreadsheet to help unfortunately - although i did find this, not tried it out as i haven’t filled out my SA for 20/21 yet
If below the allowance Capital Gains should be reported in your tax return if both of the following apply:
- the total amount you sold the assets for was more than 4 times your allowance
- you’re registered for Self Assessment