for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Jusy about all my shares are for the purpose of offsetting any CGT. Not that I bought them for that reason though.............................

Slightly off topic but Im a little new to this game, is it possible to explain to me what you mean by "for the purpose of offsetting any CGT'. I know you dont pay CGT on gains made with a self select ISA but what are you offsetting it against. Also who are you using for your ISA and would you recomend them, comments from anyone else also much appreciated!

Baza is your man for that one M4rt. I just hand over ridiculous sums of money to the comapny accountant and tell him to get on with it!!!
Baza,
I hope you took heed when selling your SEO and re-invested in SPO, like the nice man told us. It would only be the second (or is that third) day of falls.
Alan

And by the way, M4rt. According to one or two strange individuals we should greet you with the words, "Welcome to the numpty club".
Alan

I have all my ISA's and Peps with Barclays Stockbrokers - but purely for the ease of seeing them all on line and being able to trade the sharesw ithin the ISA/PEP wrapper easily. I only put shares in them that I think will have big capital gain as its all CDT free.

For most other shares - you have to pay capital Gains tax on any realised gain in a tax year above 8k - (I think) this year.

My understanding is that if you sell a share and make a realised loss - then you can use that to offset any gains you have made. I think that you can carry forward Capital Losses from one year to the next - but not sure for how long.

As you can see - I am no expert - if it gets complex - talk to an accountant.

Hope that helps - I am sure you will get a more expert opinion from others.

Baza

I believe capital losses can be offset against gains indefinitly but of course cant be set off losses in a business.

I thought this board was for adults discussing shares, but I now realise it is mainly idiots who need to get a life. most people who buy shares know there are risks, and wont be swayed either way buy some of the comments made on this board. This board has become a big joke, and personally a waste of time for any real investor. so I will leave you children to fight amongst yourselves. you obviously have nothing better to do with your lives. I personally do not have time to waste will just follow my own judgement.

Cheers for that guys, seen as I am in no danger of breaching the 8000(ish) point i have decided to just simply learn all about CGT gradually.

I did try but it got all complicated with things like reducing CGT by keeping shares longer, then you have the complication of if you buy the same share on multiple dates which dates do they used for the CGT calculation, then theres if you make more than the 8000k limit but it is made up of shares which you pay full CGT and shares which you have held for two years so you pay 75% CGT, can you use the full CGT shares to make up the 8000k limit... ahhhhhhhh then may brain melted, infact it has just melted again trying to write this post.... i think i will fit right into the "the numpty club".

Mart

Taylorc - sorry to see you go - all views welcome - though I dont remember reading many of yours.

Some of us are retired - and yes perhaps we do chatter on a bit when days are dull - so apologies if we have bored you.

Baza

OOps!!!

baza, very subtle.

Sorry guys - but bought into VOG yesterday - only a small amount - but up 75% today - worth a look.

Baza

Shares mag carries a letter berating it for passing on shorters' comments on SEO. I still have been unable to get anything out of SEO on the availability of Mondini machines. Bearing in mind IB reckoned that these were 'low-hanging fruit' profit for SEO that seems surprising.
Anyone who missed out on VOG - me included - but who wants an oil/gas play, CHP is still way too cheap on current assets and a much more significant series of deals are imminently awaited.

SEO nice and steady today. Although I did not like the 1.2 m sells in the last 30 mins - but the price seemed to stay steady.

Hopefully we now have a bit of a stable base on which to build.

Lets hope that the close statement when it comes (over next 3-4 weeks) contains some positive news

Baz
You paid 18p for cwv come on own up.

Driver - I paid 8p, 10p, 18p I might even have paid more - It has dropped by about 2000% before today - but it was 50% up at one time - yippee - saving it for my PS wrong thread

Baza

M4rt - CGT is calculated from 06/04 one year to 05/04 the next. Charged upon taxable gains after taking into consideration costs and reliefs (usualy apply only to business), any investment losses in the tax year and the annual exempt amount (AEA) 2005-6 8.5K. The rules on CGT can change from year to year but it you want more info have a look at the HM Revenue & Customs site below.

http://www.hmrc.gov.uk/leaflets/cgt1.htm

1.79% gain today at close!!! Who said the was going to fall today..

If he comes on again, ask him top do his famous comparison between this pathetic share and his world beating tip, SPO. That would be fun.
Alan

garbyle , +12% on a million.