Reporting Gains/Losses on UK Tax Return

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#1

I’m in the UK and I’ve stupidly left my 2020/21 tax return until the last-minute; it’s due at the end of the month.

I started investing in stocks and crypto in the 2020/21 tax year, so I’ve never included my gains/losses in a tax return before. Now that I’ve finally started my tax return, I’ve realised that I don’t really know where to start.

I used the Bybit, Coinbase/Coinbase Pro, eToro and Trading 212 platforms. On Trading 212, I use ISA, INVEST and CFD, although at least I can ignore ISA!

I’m really sorry for being lazy, but I’m running out of time. Before I start searching and sifting the forums for each of these platforms, I am hoping that somebody can recommend some resources that help with the process. For example, is there a particular forum topic or website link that summarises the process of exporting the data and analysing it? Is the raw data available via an export/report function on each platform, or do you have to contact customer services to request the data?

Many thanks for considering this post.

#2

You can offset losses against gains (realised), and have a 12,300cgt allowance each year.

Hopefully your less than that so nice and easy.

#3

You may well benefit from a professional. Check out TaxScouts… they do self-assessment returns for an all in price of £119.

Disclaimer: I’ve no affiliation with them. They’re currently crowdfunding on Crowdcube where I discovered them.