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I've disposed of shares in 23/24 and used the HMRC online calculator to confirm that there is no tax to pay (gains net of costs were just shy of of the £6k annual exemption). However, the HMRC calculator gave the following message at the end... "You will have to report your Capital Gains Tax figures through Self Assessment. You must do this, even though there is no tax to pay"
When starting to complete my 23/24 self assessment this morning, the section which determines which pages need to be completed states this for capital gains:
"You must report your capital gains and attach your computations if in the tax year either:
- you disposed of chargeable assets which were worth more than £50,000
- your chargeable gains, before the deduction of any losses, are more than £6,000 (the Annual Exempt Amount)
- you have gains in an earlier year taxable in this period
- you want to claim an allowable capital loss or make any other capital gains claim or election for the year"
None of this applies to me so I'm not sure why the online calculator indicated that I need to report it.