What happened with the investment?
Interest or dividends are not the same event as selling an investment. Explain what you received or disposed of and when. The account or wrapper in which an investment is held can also affect the tax discussion.
Records to gather
Keep provider statements, purchase and sale records and details of relevant costs. A cash transfer into your bank may not explain the underlying transaction. If records span several providers or years, identify the gaps before attempting a total.
Considering reporting and tax
Reporting and tax depend on the type of investment and the facts of the event. A gain, loss or income amount needs to be considered in the wider personal position. Avoid assuming that the provider has dealt with every tax obligation for you.
personal tax planningWhere the return fits
The relevant figures may connect to your Self Assessment return. Bring them together with other income information for review. Advice on which investments to buy is separate from understanding the tax consequences of the investments you hold.
Self Assessment returnsYour questions, answered.
Do share sales always need reporting?
Reporting depends on the circumstances and current requirements. Keep the disposal records and ask about the relevant period.
Can dividends be part of Self Assessment?
Yes, dividends may be relevant to the personal return. Provide the supporting statements with your other income records.
Can you advise which investment to choose?
Investment selection requires appropriate financial advice. This discussion concerns tax information and reporting.