u/imurumi0

Just to check that my logic (and self-assesment) are correct:

On September 2024 I bought 140 units of CSH2 for £158,000

On November 2024 I sold the 140 units of CSH2 for £162,000

ERI on 31/10/2024 was 60.2 EUR = £51

Calculating my CGT for FY25, accounting for the ERI: 162,000-(158,000+140X51) = -£3140 (capital loss)

On my FY26 self-assesment, I declare the ERI interest: 140X51 = £7140

The strange thing is that since my income for FY26 is low, the £7140 interest carries no tax at all (it falls within the starting rate and personal allowance).

So effectively I made a capital gain in FY25 but because the way ERI is treated, there is no tax to be paid, and moreover I also have a capital loss to carry forward.

I feel that this is wrong somehow, but I can't spot where.

I am quite at loss here how to record the tax liability:

On 31/10/2024 I held 100 units of CSH2

ERI for the period is 60.727 EUR

Distribution Date: 30/04/2025

Total "reported" income = 100X60.727 =6072 EUR = 5161 GBP.

On 15/04/25 I sold the 100 units of CSH2 with capital gains of around 2500 GBP.

It seems that I need to report the ERI income as interest on my tax return, although I never received any actual interest. Given that the interest is greater than the capital gain it seems all messed up.

Any advice on how to approach this on my tax return ?

I am not a Venmo user but apparently someone is using my email address for their own Venmo account. I keep getting notifications from Venmo to my email because of that.

I tried contact Venmo Support but they are unresponsive.

Any recommendations what I can do next ?