barclays will ge coming out with trading update on 07.05.2009 It is expected to report profits higher than market expectations.

A good Buy Medium to Long term

I think I am right in saying that the tax man (for CGT) will set your 'sells' against your oldest 'buys' (i.e. will take the buys in date order) in order to assess tax, so if your earliest buys were around 3, you will be selling at a heavy loss. If you sell the lot, then your average will apply.

quite right harry - 1st in, 1st out - but you have to be careful of then buying back again within 30 days, as that changes the rules completely

harry 2.65p is my top price i did buy some at 310p but sold them at 345p
now my avge is 184.6p and i do have them in four names my wife and my two daughters as at the end of the day they will have it all .

Top price doesn't really matter. Just your ealiest purchase price for that stock, for that person, if you are only selling some of the holding.

harry all my life i have since my daughters where born put money in there accounts.
they now buy shares with that cash as and when i tell them and they love the challenge and the buzz. they have more in there name than myself sowhen i pass away they can carry on or sell. there choice they have thousands in pgd at 1.5p from the brancote days

"i do have them in four names my wife and my two daughters as at the end of the day they will have it all "

Does that include the tax liability :-))

yes

we all have to pay our taxes and so we should ..

A close above 190 would be nice.

why not? gl

Harry/Cynic. Not sure your reading of CGT is correct. Apart from the same day and 30 day dealings, the rest as I understand it are basically pooled into one "pot" for CGT purposes (including any held since before 31 March 1982 as at price on that date). Worth checking before any major disposals!

For starters - Shares and Capital Gains Tax

partridge, I am basically correct, I think, as my accountant punches the info into the HMRC software and produces a printout which reduces the balance of each of my holdings, starting from the earliest purchases, in order to contra quantity and then calculate profit or loss. I have greatly over simplified though, as there are many exceptions and permuations depending on lots of criteria. The pot that you talk about is, I believe, only relevant if you sell all of your holding at the same time. If you only sell in stages, then there has to be a drawdown system.
The point was really that Tanker's part sale of BARC would not necessarily have been sold at a profit as his earlier purchases were at a higher price than that at which he recently sold.

Lets hope this break out continues

harry i chose the right account to sell you are correct .if i bought at 250p in one account and one at 200p and one at 140p i would work out which to sell .before going over the 10.2k profit in each year that is over 40k in all

we are now thinging of giving some shares each year to our grand children about 5 k each ever year

tanker i think it is great to look after your family like this - keep it up

fitch report today should not affect barc hardly if at all - i would not wanna be in some of the others at the moment for now - barcs will continue to hold up only twitching of the nervy here today lol

excellent...............

Fitch has brought forward its statement about the UK banks. The biggest headline is that both the state-backed banks Lloyds and RBS have had their long-term ratings downgraded to A from AA-.

I've pasted the statement below:

Fitch Lowers UK Support Rating Floors; Downgrades Lloyds, RBS to A

Fitch Ratings London 13 October 2011: Fitch Ratings has lowered its Support Rating Floors (SRF) for systemically important UK banks to A from AA- and A . As a result, Lloyds Banking Group plcs (LBG) and Royal Bank of Scotland Group plcs (RBSG) Long-term Issuer Default Ratings (IDR) have been downgraded to A from AA-. Separately, Fitch has also placed Barclays plcs IDR and Viability Rating (VR) on Rating Watch Negative (RWN). A full list of rating actions is at the end of this comment.

The revision of the SRFs reflects Fitchs view that support dynamics are changing in the UK. The banking system is not only large relative to the UK economy, but there is also more advanced political will to reduce the implicit support for the countrys banks, building on The Banking Act 2009 and, more recently the various policy recommendations of the Independent Commission on Banking (ICB). Although Fitch has affirmed the 1 Support Ratings of the largest UK banks, indicating that support for these banks is likely to remain high until elements of the UK banking sector complete their rehabilitation and some of the more practical aspects of bank resolution can be implemented, the lower SRF indicates that the potential for the provision of extraordinary support for senior bank creditors is relatively less certain than before. Most smaller UK banks and building societies already have the lowest Support Ratings of 5, reflecting Fitchs opinion that support for senior creditors cannot be relied upon.

The downgrades of LBG and RBSG reflect the revision of their SRF as their current VRs are below that (both at bbb). Both of these banking groups have shown steady improvement in their risk profiles and prospects over the past two years and, assuming there is no major fallout from the euro zone crisis, for example, ought to be able to achieve higher VRs over the medium- and long-term. Fitch preserved a one notch difference between RBSGs Long-term IDR and its major subsidiaries in the US and Ireland but equalised the short-term IDRs of these entities with that of the group to reflect its expectation that the support will remain stronger in the short-term.

Barclays IDRs and VRs reflect the groups strong UK franchise, broad business mix, robust profitability, solid liquidity and sophisticated risk management. They also consider the earnings and risk volatility in its investment banking division, Barclays Capital (BarCap). The RWN on Barclays IDRs and VRs reflects Fitchs view that global trading and universal banks have business models that are particularly sensitive to market sentiment and confidence, that are complex and exposed to greater volatility. They will be resolved in a reasonably short timeframe.
With the exception of Barclays, where Fitchs rating actions are taken in light of the agencys full criteria, all other rating actions have considered only the parts of the criteria that deal with support.

In Fitchs rating framework, a banks intrinsic creditworthiness is reflected in its Viability Rating, while the potential for extraordinary sovereign support is reflected in its Support Rating Floor. Its IDR is the higher of the two.