Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

A lot of worried Libs this morning methinks.

I think Clegg is buying body armour.

Mind Cameron will have to watch it, as I have heard Farage is being "toted" as the next tory leader, with Cash as his hard man.

So, Labour managed to hang on to a seat they've held since 1935. Wow. And the usual bye election anti-Govermnet protest vote went to UKIP. Amazing. *yawn*

I have two large cardboard box's filled up with contract notes from my broker , what do you do with them ? is it alright to shred them after a few weeks. Do brokers have to send them by law/rules or can they just email them ? it would be easy to save them if you had them by email.

No, dear, the taxman won't charge daddy less now but a man listening to the radio is coming round to punch you in the face.

Can you translate that cryptic reply ?

Hi Aldwick,

When I kept paper records, I kept them for 7 years as that is the advice HMRC used to give for anything where there 'might' be a tax charge. So even if it was to only prove that no tax was due, it meant keeping them for 7 years.
As to contracts via e-mail, that is now how my contracts are received. I would think that all decent brokers now use this system. Saying that I still keep my records for 7 years in hard copy (e-mail print offs) as I don't fully trust my e-mail contracts not to suddenly disappear, so the only real benefit is the speed that e-mail gives.
I am a bit technophobic so I am probably being far too cautious.

regards Greek.

Cheap Flights for 50p.

http://www.youtube.com/watch?v=HPyl2tOaKxM

I'm with you Greek, abit of a technophobe, I print off all my email contract notes and keep them, 7 years like you say (though no doubt I've got a load of older ones as well).

I've stopped using my Barclay card,a responce to the bomus and tax issues.In imo it's one way of telling them their conduct is unaccepable,alas we Brits just moan,being to lazy to take the any action.

My rant over.

If the conservatives are trying to lose the next election, they are going about it in the right way : Sellling off our beautiful forests, big society claptrap, giving the NHS money to doctors who have better things to do, and now the Libyan debacle.....I wish they would gag JC until the next election so he doesn't do anything, because they are going from one blunder to another over some issues....Osborne is doing a fine job in contrast !......big society with large fries or small fries ?...but fried still the same !...

It seems to me that Cameron has the wrong Willie!

Call me "Dave", being interviewed for a new star role in Johnny English film.

Willie is joining forces with P. Andrew with Vince as "Q".

Should be good if they remember their scripts.

Script provided by Cleggy and partners.

I keep all contract notes for all shares that I own and if I sell I keep them for another 10 years since I think that the tax people can now go back 10 years if they can come up with a 'reason' to do so.

The way I look at it is that if I keep them I will never need them but if I shred them I will need them the next day!

Are printed off notes regarded as cast iron evidence? What happens if your broker's records get trashed eg. they go bust or get their system hacked and wiped?

I also get broker statements every 3 months listing all my trades would that not be sufficient proof.

This-is-me,

Whilst it is down to the tax payer to prove they have paid tax due or to show they were not liable to pay tax, I am certain that if you make reasonable effort to show such proof, IE printed records, then they would have to prove these records were wrong to prove their case.
Presume say that if my brokers records had be destroyed in a fire, or trashed as in your comments, then what proof could they possibly ask for, as none would be available apart from your copies.
It is the same for business accounts.
Most contract notes sent out must surely be in copy form.
So I am sure copies would suffice.

Aldwick,

I also get a summary but every 6 months not every 3, but these only show my holdings, not price paid when bought or gains when sold, so my 6 monthly summary would not do.

Greek.

I suppose you could get copy's of the info from your broker at a price.

Suggestion.

Use a database.

Either use the down load image of the contract note, or photocopy the contract notes.

Multi-file them under different fields and you can print them off as required.

(You can't use this method for share certificates.)

I tend to use Outlook for "pure" internet dealings and sub-direct as I think appropriate.

That with the monthly accounts from broker would be sufficient.


Sharescope software has accounting package within it; which will keep accurate portfolio and dealings and "help" work out CGT etc.

Used it for about 15 years. VGood.

Thanks Fred , a database seems the way to go.

A spreadsheet is better, if you set it out well then you only have to print out the correct bit to send with your self assessment form.

Apparently it's no longer politically correct to direct a joke at any racial or ethnic minority so try this one:

An Englishman, a Scotsman, an Irishman, a Welshman, a Latvian, a Turk, an Aussie, a German, a Yank, an Egyptian, a Jap, a Mexican, a Spaniard, a Russian, a Pole, a Lithuanian, a Swede, a Finn, an Israeli, a Romanian, a Bulgarian, a Serb, a Swiss, a Greek, a Singaporean, an Italian, a Norwegian and an African went to a night club.

The bouncer said: "Sorry, I cant let you in without a Thai."