When to pay Capital Gains Tax

Discussion in 'Ask any question!' started by hapless_beaker, Aug 12, 2021.

  1. hapless_beaker

    hapless_beaker New Member

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    Hello, I am about to finish my first year in investing in stock exchange and luckily I managed to finish my first year some modest profit form selling shares and dividends. So my profit is well below the allowance but I know I still have to report it in self assessment form.

    The point where I am not sure is, all this small profit I made actually stayed in my online brokers account which I used for buying other shares. I never transferred them to my personal bank account. In this case are they still needed to be reported, even though they never hit to my actual bank account?
     
  2. StockJock-e

    StockJock-e Brew Master
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    Any gains you make, even if it is still in your broker account is considered for capital gains.

    You will likely need to claim it as if it was normal income.
     

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