How to declare share investment on a tax return

T

tmccar

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17
Starting this year, I have bought some shares on the New York stock exchange through an online broker (to the value of around €15,000) . They have increased slightly in value. I am self-employed and I was wondering how to declare this income/investment when doing my tax return.
 
You have to declare any income/dividends you received along with any US tax deducted in the foreign income section
You also have to declare the purchase of the shares in the Capital Gains section
 
If you have not sold the shares and have not received any dividends from them, you do not need to declare anything at this time.

Edit: this is incorrect sorry!
 
Last edited:
Zenith63 said:
If you have not sold the shares and have not received any dividends from them, you do not need to declare anything at this time.
Click to expand...

Form 11 Chargeable Assets Help Screen

Chargeable Assets Acquired​
If you or your spouse or civil partner acquired any chargeable assets during the tax year enter the required details. Chargeable assets include, property, land, shares, antiques, options,​
 
I see, TIL! Seems onerous!

So if the OP was not doing an annual tax return (they were PAYE for example), would they still have to make a declaration?

Is it common to do this declaration or is it something new(ish) that people may not be aware of yet? In 10 years of returns my accountant has always asked about gains/losses on shares but has never asked submitted a list of what was acquired in that year, despite having all my transactions. Should I go directly to jail and not pass go?
 
I suspect it is used to identify dodgy taxpayers - for example if you suddenly declared a huge disposal and a gain/loss, they may want to know when and how you acquired the asset in question

It has been on Form 11 for at least 15 years
 
Thanks .
What would go under "number of assets" - number of companies (positions) rather than individual shares?
 
The number of assets doesn't apply to the purchase of shares - only the other asset classes
 
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