Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.
  • Page:
  • 1

ANYONE KNOW THE PROCEDURE OF CAPITAL GAIN TAX (CGT)     

cobras - 13 Aug 2005 19:37

ANYONE KNOW THE PROCEDURE CGT ,IS THE STOCKBROCKER RESPONSABILITY TO LET KNOW ABOUT GAIN TOTHE INLAND REVENUE..OE ME?
PLEASE ANY VIEW.,...

optomistic - 13 Aug 2005 19:38 - 2 of 14

YOU, although the IR can pick up your details from the brokers accounts.

Andy - 13 Aug 2005 20:17 - 3 of 14

Cobras,

You can obtain a record fo your trades form the broker, but you will have to calculat your profits/losses to see if CGT is due or not.

If you are in AIM stocks, don't forget BATR.

Anything in an ISA doesn't have to be declared.

rangers99 - 17 Sep 2006 19:19 - 4 of 14

Ive found this site useful for capital gains tax calcs for share trades

http://www.cgtcalculator.com

rangers99 - 19 Sep 2006 13:31 - 5 of 14

whats the deadline date for submitting tax return for 04-05?

Fundamentalist - 19 Sep 2006 14:52 - 6 of 14

September 30th if you want the inland revenue to do the calculations, January 31st if you do your own calcs. As at 1st Feb they are able to fine you

(so for 04/05 you should have submitted by jan 31st 2006 at the latest)

rangers99 - 19 Sep 2006 16:21 - 7 of 14

thx

rangers99 - 25 Sep 2006 12:54 - 8 of 14

It took me a while to type in all my trades but http://www.cgtcalculator.com seems to have done the job very well.

partridge - 06 Feb 2007 12:24 - 9 of 14

Help needed. End of January 2006 I bought 2000 LMS at total cost 5131. Sold 2000 LMS in Nov 2006 for 5746. In between they split off their investment arm Leo Capital, with shares issued to LMS holders on a 1 for 1 basis. These began trading at 70p and I still hold 2000. Any informed opinion much appreciated on the capital gain calculation on sale of LMS shares (i.e. is any account taken of notional cost of Leo shares?).

Fundamentalist - 06 Feb 2007 13:17 - 10 of 14

partridge

if you go to www.hmrc.gov.uk/helpsheets/ir285.pdf and page down to page 5 of the helpsheet it explains how to apportion the initial cost between the two resultant holdings after the share issue. If youre still confused drop me an internal message

partridge - 06 Feb 2007 13:49 - 11 of 14

Many thanks Fundy.

rangers99 - 05 Sep 2010 16:08 - 12 of 14

Anyone use http://www.cgtcalculator.com

Does it do the job

HARRYCAT - 05 Sep 2010 17:00 - 13 of 14

Looks good, though not used it. One worry I have is that your information appears to be loaded on their software which poses a risk, whereas using a program loaded on to your own PC means that confidentiality is assured. I know there is a Privacy statement, but..........
Sharescope offer a comprehensive download facility, but at a price.

kimoldfield - 06 Sep 2010 01:01 - 14 of 14

I used www.cgtcalculator.com last year, it worked perfectly. I will be using it again this year.
  • Page:
  • 1
Register now or login to post to this thread.