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BP Share Chat (BP.)



Share Price: 559.50Bid: 559.50Ask: 559.70Change: 0.00 (0.00%)No Movement on Bp
Spread: 0.20Spread as %: 0.04%Open: 566.10High: 567.10Low: 558.20Yesterday’s Close: 559.50


Share Discussion for BP


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leas
Posts: 4,351
Opinion:No Opinion
Price:575.80
RE: Another Rude Day!
Wed 09:27
Looks like it has consolidated now ready for any move north. Was hoping to buy a few more at 550s but happy for any push towards 600.
 
riolto10
Posts: 1,665
Opinion:No Opinion
Price:575.20
RE: Another Rude Day!
Wed 09:24
Year's high 593p hope it continues to this price in the next week ?
billybigwig
Posts: 9,857
Opinion:No Opinion
Price:565.00
RE: Another Rude Day!
16 Jun '18
I was hoping that oil would of got a bit closer to $100 a barrel and BP past £6 at which point I'd of sold and held for 5.50s myself
billybigwig
Posts: 9,857
Opinion:No Opinion
Price:565.00
RE: Another Rude Day!
16 Jun '18
Leas £4.85 my average
Daytradenovice
Posts: 817
Opinion:No Opinion
Price:565.00
RE: Another Rude Day!
15 Jun '18
i have a buy order in place for £38ks worth at 5.50, think it may come down a little more next week so being greedy, but at this price area i think there is a lot of potential upside, whilst also being a divi hunters dream stock.
riolto10
Posts: 1,665
Opinion:No Opinion
Price:565.00
RE: Another Rude Day!
15 Jun '18
Big drop back today good for a top up Monday?
fruitbat
Posts: 200
Opinion:No Opinion
Price:573.00
RE: Another Rude Day!
15 Jun '18
That's my fib lvl
fruitbat
Posts: 200
Opinion:No Opinion
Price:572.80
RE: Another Rude Day!
15 Jun '18
I am waiting for 50% at 525 then rehold for Q2
leas
Posts: 4,351
Opinion:No Opinion
Price:575.70
RE: Another Rude Day!
15 Jun '18
billy, I thought you average was 480? 20% return (so far) is hardly a burden. I was hoping for a pullback to 550. You never know it may coincide with div payment day. :)
billybigwig
Posts: 9,857
Opinion:No Opinion
Price:582.50
RE: Another Rude Day!
15 Jun '18
just need BP to break that £6 and ill be a happy chap ;-)oh divi pay day in less than 2 weeks ...it eases the burden ;-)
dumbdog
Posts: 33
Opinion:No Opinion
Price:585.50
Another Rude Day!
15 Jun '18
Good Evening Gentlemen,

BP is continuing to impress global investors with its ruthless efficiency and opening the new markets. The global economy is making steady progress and BP is fuelling it. It seems steady as she goes with further strengthening of SP. I suspect bumper profits are on the way with a hike in the dividend.

Thank you for the advice Daytradernovice. Yes, the new tax-free allowance is £2K down from £5K last year. More austerity on the back of Brexit. I do have a HSDL ISA which is used for this year but the HSDL account allows you easily to invest outside the ISA.

My tiny brain is done for now. bfn
7zzzzzzz
Posts: 291
Opinion:No Opinion
Price:585.50
RE: CGT 'n all that
14 Jun '18
Billy, think you are right on the money. do trading through ISA then forget about Capital Gains Trust .... and other thing to bother you at night ? does my bank do ?
billybigwig
Posts: 9,857
Opinion:No Opinion
Price:585.50
RE: CGT 'n all that
14 Jun '18
In what way does it differ from me just getting a normal isa and buying bp and ticking divi reinstatement in that? Is there special benifits or summat ? With HSBC?
Yobbo
Posts: 116
Opinion:No Opinion
Price:573.30
RE: CGT 'n all that
14 Jun '18
If you want to hold BP long term, then HSBC offer a dedicated BP ISA. Apparently it is quite popular with BP employees but is open to anyone. Last time I looked there was a link in the investors section of the BP home page.
Daytradenovice
Posts: 817
Opinion:No Opinion
Price:573.30
RE: Urghhh - So Complicated...
14 Jun '18
dividends are not taxed under the capital gains allowances most of the time, (there are exceptions to this however - seek advice from a tax specialist if your shares are your only income and you trade much, hmrc may class you as a business in some cases) they are usually taxed under the dividend tax rules, you have a £2k allowance before tax there currently.

if your a normal punter with a job or pension, and trade or invest in shares then highly unlikely you will fall outside the standard CG/dividend rules.
dumbdog
Posts: 33
Opinion:No Opinion
Price:573.30
Urghhh - So Complicated...
14 Jun '18
Dear Gentlemen,

Thank you kindly for all the advice. I rather like the suggestion of making use of the wife somewhat! Although you are much too kind letting them visit the shops IMHO.

Urghhh, it is so complicated. The dastardly HMRC make it sooo complicated. My little brain was totally overwhelmed by line 3 and there were pages of the stuff. I think the gentleman that wrote it all must have sadistic tendancies.

So dividends may not be CG after all, although to me, I have gained capital, n'est pas??

It was so uncomplicated 400 years ago when stealing was heroic. bfn
Daytradenovice
Posts: 817
Opinion:No Opinion
Price:577.90
RE: CGT 'n all that
13 Jun '18
leas
you are far to kind, i might take mine out for a cheap bag of chips, when she's finished the cleaning washing etc, mrs DT knows a good deal when she see's one :)

I do however like the Ann Summers idea, now that sounds like a plan.
leas
Posts: 4,351
Opinion:No Opinion
Price:578.50
RE: CGT 'n all that
13 Jun '18
Daytrade

I have promised the current Mrs leas that she can spend any profits made at BHS, C&A or Woolworths. Anything left over she can return to me for a rainy day. I will of course allow a little spending at Ann Summers on dividend payment day. :)
Daytradenovice
Posts: 817
Opinion:No Opinion
Price:577.40
RE: CGT 'n all that
13 Jun '18
ljeb

I shall look further, unfortunately the taxmans advice is not easily digestable.

Understand that the CG is only paysble on realised assets when you sell them and this is key, if you hold them the CG on the unsold stock just builds up (hopefully).I carry a perpetual CG liability along annually on some of my shares, which im slowly transferring into my wife and my isas each tax year.

my understanding is that should you purchase more shares at a higher price then the price of any that you sell in the future is then 'averaged out' across all your purchases and CG is adjusted acordingly. consequently higher purchased shares would reduce the CG carried forward as your bought price for some of those in your holding would have increased your average. This obviously means you cannot dispose of a large CG/holding in one go (without paying the tax) and have to have sell over a number of years using each new CG allowance you get.

Im no accountant for sure, but thats my understanding, happy to be corrected though.
Daytradenovice
Posts: 817
Opinion:No Opinion
Price:577.20
RE: CGT 'n all that
13 Jun '18
leas, particularly the wife, free stock transfers into her name - just get it out of her account before m&s get it.
LJEB
Posts: 170
Opinion:No Opinion
Price:577.50
RE: CGT 'n all that
13 Jun '18
Daytradenovice,

I completely agree with your 6:49 post, I now have everything in my ISA so TAX is a non-issue for me, but your 8:57 post is I think incorrect.

CGT is only paid on "Realised Profit/Loss". That is once you have sold shares you total the profits and losses for that whole tax year (remembering CGT covers other investments and gains, inc Divs, inheritance...) to determine what TAX is due.

Therefore buying more shares cannot offset CGT.

If however if you have a large profit from selling your BP shares, and you also have another share that is showing significant losses, selling both and subtracting the losses from the profit is legal, as it is the overall profit/loss in any TAX year that CGT is paid on.

If those shares that were sold at a loss look cheap to you, there is nothing to stop you buying them back. There is the 0.5% stamp +costs to account for, also there is maybe a time limit (my poor memory believes a day or two possibly a week is needed to fully ensure HMRC cannot link the re-purchase back the the previous sale), but the last time I looked was a good 5-6 yrs ago.

To all: HMRC does publish all the information you need on their web sites, which is better than relying on message boards. It will also be current, which is important as they change the rules almost every year.
leas
Posts: 4,351
Opinion:No Opinion
Price:576.40
RE: CGT 'n all that
13 Jun '18
Not forgetting any close family members that also have a CGT allowance....
Daytradenovice
Posts: 817
Opinion:No Opinion
Price:571.80
RE: CGT 'n all that
13 Jun '18
you could also buy more at a higher price so lifting your average up and lessening the CG. Can backfire on you though doing that, need to factor in how long you intend to hold for.
Daytradenovice
Posts: 817
Opinion:No Opinion
Price:578.50
RE: CGT 'n all that
13 Jun '18
you have an allowance of £11700 this year before you pay any CGT. But best idea is to hold the shares in an ISA wrapper then you pay none on either sp rise or divis. £20k Isa allowance at the moment so if you've not used it bed and Isa and repeat in each tax year.
dumbdog
Posts: 33
Opinion:No Opinion
Price:578.50
CGT 'n all that
12 Jun '18
Hi All,

Been a long while since I posted last. Good to see BP in rude health. It was in the doldrums for a few years but it has set sail now with a good prospect of further growth. It remains a 'safe harbour' yielding excellent dividends.

My question relates to CGT if a fellow investor could advise? How do you mitigate CGT?

bfn.




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