# Tax Return UK - First Time **URL:** \ **Category:** Tax Questions\ **Created:** [January 22, 2023, 10:26pm UTC](https://discuss.koinly.io/t/tax-return-uk-first-time/16432 "2023-01-22T22:26:38Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![GeeW](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/geew/32/9528_2.png) [@GeeW](https://discuss.koinly.io/u/GeeW)\ **Post date:** [January 22, 2023, 10:26pm UTC](https://discuss.koinly.io/t/tax-return-uk-first-time/16432/1 "2023-01-22T22:26:38Z")
Hi all, I completed the self assessment online (not yet submitted) and according to the questions answered, this section does not need completing. I do not ordinarily complete a self assessment, I have only done so this year due to getting into crypto. Does this mean that you do not need to send a self assessment unless making a profit over the capital gains allowance? ---
**Author:** ![Adrian\_Mann](https://yyz2.discourse-cdn.com/flex052/user_avatar/discuss.koinly.io/adrian_mann/32/489_2.png) [@Adrian\_Mann](https://discuss.koinly.io/u/Adrian_Mann)\ **Post date:** [January 23, 2023, 2:51am UTC](https://discuss.koinly.io/t/tax-return-uk-first-time/16432/2 "2023-01-23T02:51:03Z")
If you sold crypto assets over the value of £49200 in the year or you made a gain over £12300 then you have to fill in a self assessment in. Otherwise its not required. If you were doing a lot of trading you could easily exceed the £49200 limit but not exceed the gains e.g. if you bought and sold £5K of crypto 10 times in the year day trading you would have exceeded this limit. ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex052/uploads/koinly_app/original/1X/7ac58e5593a7122893d066794a7254dcdb5ddb31.png) [@system](https://discuss.koinly.io/u/system)\ **Post date:** [March 24, 2023, 2:51am UTC](https://discuss.koinly.io/t/tax-return-uk-first-time/16432/3 "2023-03-24T02:51:29Z")
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