Member Info for Kenco222

In layman’s terms... WTF does all this mean?

Not yet...

Still not got my shares in ISA’s (svs iti fiasco!)

The CGT tax mans gonna love me I& that happens before then!

I would surprised if there isn’t a JV for Scally. I suppose it builds on a strong relationship between the 2 companies and hopefully less likelihood of a takeover IMO.

Yes, the lovely GDXJ effect, makes me feel warm and fuzzy inside that the big boys are buying in heavy.

37p close of play I reckon, then small fall back Monday... UNLESS. sally results come out/come good, then who knows what they could Jump to...

Nearly 30 bags for me, still not selling.

Got 60p+ written all over it in the next 12months...

Wow, nice story...

You acted on the advice, and good for you.

Nice to hear from you bigmj,

I for one take comfort that you post here.

It’s a worrying time for us shareholders, with such ever moving goal posts.

We’d just like to see some light of the end of this tunnel.

Jerry,

I thought it was a good discussion on CGT positions.

It’s obvious that there are many out there who don’t know the full ins/outs of tax positions and therefore could be badly burned regarding tax positions on this share.

Best advice really was speak to a professional financial advisor, could save £££££’s

Tom

I intend to do exactly as you say in all your points.

Unfortunately I was dumb enough 4 years ago to open trading account rather than S&S ISA.

Fortunately I realised my mistake and have made use of ISA’s in both mine and my wife’s names.

What’s really spoilt things is the SVS disaster!

Unfortunately you do.

At the point you bed and isa, the broker effectively sells the shares then instantly buys them back inside your ISA.

Any CGT loss or gain is then realised.

Thanks SAS

Annoying bit is it would have all been in my ISA already had SVS not gone bust, been a long year+ trying to get hold of my share holdings again, been an absolute nightmare!

On the plus side it removed any temptation to sell on the way up, as I could not even if I wanted to.

I hope to sell a chunk around 60p within the next 12 months, time will tell.

Yep, it’s simple to bed & isa

But....

Imagine I want to put the full annual max allowance of £20k in my ISA.

Then imagine I paid £1k for those shares, that means that’s £19k CGT gain.

£19k - £12.3k = £6.7k CGTaxable

Now imagine, if you have a bit more than that...

And then if you are fortunate enough to be a higher rate tax payer...

That’s not taking into account any CGT surprises the government may have for us going forward. Someone’s gonna have to pay for the COVID driven debt!

Spades a spade,

I don’t like the ITI capital platform or customer service (forced into it as an ex-svs customer).

I will then bed & isa what I can, but not it all as will end up paying CGT.

Really trying to get a chunk of my shares in mine & the Mrs ISA before MRE is announced. Having a nightmare transferring out of ITI capital into my normal dealing account. I’ve been 16 weeks trying!

My 2nd 10 bagger+ This year!

It’s not just within the year, but previous years CGT losses too

Bonfire night approval too.

Let the fireworks begin!!!

Nice

What goes around, comes around...

Me too