Reporting Gains/Losses on UK Tax Return

šŸ¤ Help
1

Iā€™m in the UK and Iā€™ve stupidly left my 2020/21 tax return until the last-minute; itā€™s due at the end of the month.

I started investing in stocks and crypto in the 2020/21 tax year, so Iā€™ve never included my gains/losses in a tax return before. Now that Iā€™ve finally started my tax return, Iā€™ve realised that I donā€™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!

Iā€™m really sorry for being lazy, but Iā€™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 TaxScoutsā€¦ they do self-assessment returns for an all in price of Ā£119.

Disclaimer: Iā€™ve no affiliation with them. Theyā€™re currently crowdfunding on Crowdcube where I discovered them.