benaj
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Post by benaj on Apr 10, 2019 15:35:56 GMT
Has anyone completed tax return on WiseAlpha? Since there is no tax statement available to DL, I presume 1) "total income payments to you" = "Total Gross Interest Earned" - Total fees
2) and the Total capital loss is used for CGT calculation only
Correct?
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Post by bobsmydog on Apr 12, 2019 14:00:49 GMT
They say they are going to produce a tax statement in due course
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Post by bobsmydog on May 14, 2019 8:01:53 GMT
Tax satement is there now, doesn't allow service fees to be deducted
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benaj
Member of DD Central
Posts: 4,830
Likes: 1,586
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Post by benaj on May 14, 2019 17:02:35 GMT
Tax satement is there now, doesn't allow service fees to be deducted Hi bobsmydog, so how to you get the tax statement on WiseAlpha? There's no such a document on reporting.
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Post by pmjenkins on May 14, 2019 17:15:12 GMT
Hi bobsmydog , so how to you get the tax statement on WiseAlpha? There's no such a document on reporting.
From the *home page / dashboard* (to the lower right of your investment account summary), select Reports -> Tax Report
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Post by bobsmydog on Jun 10, 2019 8:50:53 GMT
I could only find one place to put this on my tax return and that was in Other UK Income (where gilts etc go) on the Additional Information supplementary page.
It was impossible for me to enter gain/loss on the Capital Gains Summary as I have no information available to me on Disposal Proceeds and Allowable Costs to provide the required computation (having invested via robowise involving hundreds of transactions).
I have therefore treated this as P2P and adjusted income for gain/loss.
Tax returns these days seem to involve a 'best guess'!
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