CGT Reporting.

[monabri]

For the first time this year I will need to declare CGT for the sale of shares. I've got all the details of what shares were bought/sold and costs and these are recorded in Excel (I could readily create a pdf to submit to HMRC or cut and paste into Word).

1. Do I need to enter the full details for the company name , eg., "Legal & General Group plc (LGEN) Ordinary 2.5p Shares" or can I simply use the TIDM?

2. If I have a pool of say 43558 (Lloyds) shares with an average price of £0.42 each and I dispose of half of them, can I report the capital gain by stating




- All shares were bought more than 30 days before the sale.
- I have the broker sales references for all buys/sells, if required
- Disposal Proceeds (box 24) - Allowable Costs (box 25) = £xxxx (correct and agrees with the gain reported in the spreadsheet)
- Gains in the year (box 26) - Losses in the year (box 27) - £xxxx (correct and agrees with the gain reported in the spreadsheet)
- The Capital Gain was just over £8k, the allowance being £6k , so ~£2k of Capital gains.
- Total number of sales was 48 (box 23)
- "box #" = box on the self assessment form

[Lootman]

For the first time this year I will need to declare CGT for the sale of shares. I've got all the details of what shares were bought/sold and costs and these are recorded in Excel (I could readily create a pdf to submit to HMRC or cut and paste into Word).

1. Do I need to enter the full details for the company name , eg., "Legal & General Group plc (LGEN) Ordinary 2.5p Shares" or can I simply use the TIDM?

2. If I have a pool of say 43558 (Lloyds) shares with an average price of £0.42 each and I dispose of half of them, can I report the capital gain by stating



- All shares were bought more than 30 days before the sale.
- I have the broker sales references for all buys/sells, if required
- Disposal Proceeds (box 24) - Allowable Costs (box 25) = £xxxx (correct and agrees with the gain reported in the spreadsheet)
- Gains in the year (box 26) - Losses in the year (box 27) - £xxxx (correct and agrees with the gain reported in the spreadsheet)
- The Capital Gain was just over £8k, the allowance being £6k , so ~£2k of Capital gains.
- Total number of sales was 48 (box 23)
- "box #" = box on the self assessment form

You don't have to be too precise with the security name, and some of them are very long. I abbreviate them as needed. So for example I might enter "L&G" rather than "Legal and General", and so on. As long as you have the ticker as well.

Although the return asks for share quantity and date of acquisition, neither is needed and you can omit them without consequence. For a partial sale i might include the quantity for clarity, but I tend not to do partial sales.

So the only information I submit is as follows:

Disposal date
Ticker
Security name
Cost basis
Net proceeds
Gain or loss, although that is derived.

[gryffron]

Send them your spreadsheet (as a PDF - they can't edit it by mistake)
Enter just the accumulated totals on the CGT reporting pages. And write "see attached file" in the trade details.

That's all I have done for decades and they have never questioned it. Both on paper and online. I have never bothered to detail all the transactions by typing/writing it into their form. Not only does it take ages. It seems to me it would be more likely to introduce errors than simply sending them the spreadsheet. And some years they wouldn't fit. Since they have never complained, I assume they agree. Just so long as the spreadsheet shows all the necessary details as per Lootman's post.

Gryff

[scrumpyjack]

Ditto to Lootman. The only time I had things queried was when there were 2 different rates of CGT in the same year (as was the case in 24/25) and they asked for copies of contract notes.