Is a tax declaration needed for CGT below allowance limit?

Hi all,

In 2021 my partner bought some bitcoin and some shares via DeGiro and Revolut, then sold the bitcoin for a €200 profit, sold some shares at an about equivalent loss, and held on to the rest (and still holds them now - they're worth about €8k now and have mainly lost value since 2021).

He never declared any of this to Revenue. I think he thought that since the platforms asked for his PPS number it was done automatically.

Was he supposed to declare the purchases, gains, and/or losses, even though he only "made" €200 (or close to 0 when deducting the losses)?

Is there anything we can/should do at this stage? And is there anything we should do going forward if he holds onto, sells, etc. the shares in the future?

Thanks in advance for any help!!

qwerty-2023 said:

Was he supposed to declare the purchases, gains, and/or losses, even though he only "made" €200 (or close to 0 when deducting the losses)?

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No.

You keep your record and claim for losses on foot of that when you need to.

Thank you! So, to clarify, it's ok not to declare sales of shares to Revenue, as long as the net gain is below €1270/year?