Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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HappyScot - Thanks very much.
Hi Ian - I have been sleeping, as I was on nights shift and just woke up to find the RNS. So please Gents can someone tell me what is going on. Do we have an offer?. Thanks
GET ALL YOUR SHARES INTO AN ISA.
I did it 5 years ago and ever since never paid any CGT. i have a few suspended shares in my trading account which IF they ever relist i'll Bed and Isa at less than Tax rateable allowance ie £10,900 maximum as i do NOT trade at all from my trading account. F../ck the taxman he's had enough from me..never again?
Sorry about that post for ORS96 taking several hours to post the internet has gone down at home and for the first time using mobile as a hot spot, ho-hum.
ORS96,
years ago you got tapered tax relief, so the longer you held a stock the less tax you paid, and the rule of thumb was the last tranche of shares in was deemed to be the first tranch out ( I think I got that the right way round?) that was good if you held a stock for a long time.
The government changed the rules so that all shares of the same type are just aggregated together in one lump and divided into the total aggregated purchase cost to come up with an average cost per share and you are unfortunately now just stuck with that, you cannot separate the different lots, if you had two share trading accounts of say 1000 shares of BT at £1 each cost average, and in the other 1000 shares of BT but at 50p each cost average, you have to average them out together for HMRC CGT.
So the first lot of 1000 shares cost you £1000.
The second lot of 1000 shares cost you £500.
So in total you have 2000 shares that have cost you £1500, so £1500 cost divided by 2000 shares equates to an average to you as a holder at a cost price of 75p per share for the full 2000.
And that is the price you have to use when filling out you capitol gains form for tax purposes. you cannot pick and choose any more.
Of course if held in a Share dealing ISA All gains are free of any tax liability.
I hope that is of some help.
All the best
Ian
JR934, I with you :)
Your explanation is more comprehensive than mine :)
Personally, I don't look at my average at all. To me the question is simple - do I think it will go up from where it is today or down? If up, can I do even better elsewhere? That's all.
Appreciate all of the insight. GL All
When you sell, the price is the same for all the share, irrelevant of what you paid for them.
10,000 bought at £0.05 = £500
You are invested £500 @ £0.05
Next buy 10,000 at £0.10 = £1000
You are invested £1500 @ £0.075
Next sell 5,000 at £0.15 = £750
You are invested £750 @ £0.05
Your average price is back down to £0.05, however you are invested £750 for 15000 shares.
Next sell 5,000 at £0.20 = £1000
You are now invested £0, up £250 and riding free.
The maths may be out, but the logic should make sense.
Keep doing this an you will be the next Warren Buffet :)
I wish people would refrain from selling. Then they would see this mighty share naturally rise to its value potential, but if they choose too, I'll happily gobble them up as I have done again this morning. It's like taking sweets from a baby.
Ryan
All shares worthy the same price but very shortly all of them will be worthy much more...
The answer is no
They are all worth the same price regardless of how much you paid for each different one GL
May I suggest that you don't sell any at the moment - wait a few weeks and they should all be worth much more !
Cheers, so it's irrelevant what shares I sell? my gains won't be effected?
You can't sell the specific shares, but you can sell the same volume
No
You just sell the same amount of shares you bought, so if you bought 23,434 shares when you sell you can select amount of shares or value - choose amount of shares and type in 23,434. Easy enough
Hi All,
First post(been watching from a far) cannot seem to find an answer online for my question so thought some of you clued up investors could lend a hand.
Bought Into EUA last year at a low price and have topped up post suspension bringing my average way up, is there a way I can specifically sell the shares I bought at the higher price? (all in the same ISA account, apologies if its a stupid question/doesn't make a difference to my gains but my thinking was the lower priced shares I bought are more valuable/have more potential returns)
Cheers