Member Info for johnson36

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

WiganWarriors

Im not sure if Tom is using the CGT calculator

WiganWarriors

Yes that is a section 104 holding you are referring to. But don't forget the Same day rule and the 2nd rule of buying back within 30 days both Trump that rule

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

Hi Nige

The key to avoiding more inheritance tax is Don't vote Labour

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

Bamps21

That sounds great. In what town is the share chat club ?
I haven't looked to see if there are any in my own Town but I intend to look if there are any in Bangkok when I move there.

https://www.propertywire.com/news/house-price-growth-reaches-41%25

Nige_W

Make sure you get a spare HSBC secure key. I always have 2 spares plus the one I am using. That way if one stops working you can register the next one with a quick phone call to HSBC.

Nige_W

Which bank are you waiting for Secure Key from ? if it is HSBC like mine then you don't need the secure key to generate a log in code. You can generate codes from your own smart phone using the APP.

Nige_W

price for tw, (my calcs 570), so not much upside ??

buller

I hope to see a share price of 230 /240p this year. Dividend is £610 million = 18.6p

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.

TomE

How many hours did you own them for, lol. You're not really a long term holder now are you.

TomE

Every share holder is in profit now. I would of thought a few more would be taking some profit now. Ive sold a few.

optimist123

18.6p

£610 divided by 3283 million shares

terrace

Don't forget they also have £546 million in cash right now.

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.

Maybe a mistake but I have just sold 10,000 shares @ 205.283p, these were 10,000 extra shares that I bought back @ 192.8p after selling 2 days before @ 200p (19th & 17th Dec). I still have my main lump of TW shares.

doesn't know which way to go