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

In auction.

Re 1.25 million in one company.Tanker, good luck
2517

1.32million

i am going to sell afew to buy more cey.

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