Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that’s increased in value. In relation to your Glint account this asset is Gold.
Normally, before you can report any gains to tax authorities such as HMRC you will need:
- details of how much you bought and sold the asset for.
- the dates when you took ownership and disposed of the asset.
- any other relevant details.
- calculations for each capital gain or loss you report.
Our Gold Gains and Losses UK Report provides you with a detailed breakdown of your capital gains and losses for the tax year as they relate to Gold buying and selling activity with Glint.
It helps you understand your financial transactions, ensuring compliance with UK tax laws.