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Tom
Maybe you know already ?
If you 100,000 shares in seperate buys all at different prices and maybe on different days then that becomes a section 104 holding and the shares are now counted at an average price. If you sell 50,000 shares then they are counted as been bought at that average price. BUT if 29 days later you buy 30,000 back then the 30 day rule kicks in and those 30,000 are counted as part of the 50,000 you sold 29 days before. BUT then if you sold those 20,000 on the same day they would be counted as 20,000 of the 30,000 you bought that day. Its easier to keep a spreadsheet and copy and paste it into the calculator and it does it in less than a second and uses the HMRC rules in the correct order
Hi TomE
I really don't understand your post at 09:10am.
We get a tax free CGT allowance of £12,000 for tax yr 2019 / 2020. When dealing shares outside of an ISA we pay CGT tax on profits over that amount. It doesn't matter wether we choose to leave that money in the account either in cash or in new shares, we pay CGT on profits on Deals done. Obviously any loses can be offset against gains but they must be loses from actual deals and not just paper loses.
If we do lots of deals then the only way to work out the CGT due is to keep a spreadsheet and copy and paste that into a CGT calculator that takes into account HMRC tax rules on shares:
Number 1 Rule: Shares acquired on the same day as the disposal (the ‘same day’ rule).
Number 2 Rule: Shares acquired in the 30 days following the day of disposal (the ‘bed and breakfasting’ rule)
Number 3 Rule: Shares in the Section 104 holding
http://www.cgtcalculator.com/default.htm
https://www.gov.uk/government/publications/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet/hs284-shares-and-capital-gains-tax-2019
According to this article TW has an intrinsic Value of £3.51
Im sure Nige has mentioned a figure similar to this in the past
https://finance.yahoo.com/news/time-consider-buying-taylor-wimpey-124414843.html?guccounter=1&guce_referrer=aHR0cHM6Ly9tYWlsMi52aXJnaW5tZWRpYS5jb20vYXBwc3VpdGUv&guce_referrer_sig=AQAAADrZ32a8M5PhRMSmJXXJ-XGa9IdRE2qAXVj9I9h1M6oYFDXZTQ8Tmu_erwmyTXPbfAjfp04Jo1NWu-7g-roQlPfPBgkMYjM9cWh2HIc6OZ2IC_C1haYHyeE9mb9ydxBnvE7qJKHm3BvXqcvKHeICwzfulsHFMPngpHNkNZFTlZ2p
https://www.propertywire.com/news/house-price-growth-reaches-41%25
TomE
2k for a few hours as great.
I have just sold a few more at 209.17p. You know what this share is like, it could be back by the end of week. Nothing worse than watching a SP shoot up then come all the way back down without taking a single penny in profit.
troublesome
My sell seems to of put a rocket under the SP, lol. At least I still have the majority of my holding. The 10,000 were extra shares that i bought and sold 4 times since Oct/Nov. I am very happy today. I am hoping the SP doesn't fall but if it does return to 200p or less then I will buy the shares again, if it doesn't in the next week then I will put it somewhere else.