Member Info for NettlesTheCat

Have you maximised your ISA allowance?

I know it would take time based on your figures, but if you haven't maxed out the £20k allowance, you could start by selling £6k gains and transfer over to an ISA. This is coming down next year so it will take a while to do so.

To be honest, it will take forever to transfer up to CGT allowance to ISA so you may just have to bite the bullet.

Do you need to withdraw?

In my humble opinion, seek advice from an accountant. You should be paying tax, but nothing over what is owed. Fees for a CGT tax return based on what you have said will be minimal to making a mistake and paying too much.

Good luck!

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… gains once sold of course. To save any confusion!

Current thresholds are £6k for direct investments out of ISAs and £3k for those held in trusts.

Gains more than that, once offset with losses, are liable fir CGT.

Simples.

Simple answer… yes.

CGT is only for actual gains (not original investment) so offsetting losses to those than have gained will bring down your liability.

… but also a very interesting point.

A lot of talk about Porsches, good watches etc with the gains made recently with RR, but that isn’t my bag and I’m not scared to say so.

My money usually goes to benefit others who aren’t in the situation I’m in. Not for want of a good star, but that’s my personal approach to life in general.

I live extremely modestly and I have no desire for material gains. Making a sad face smile is my goal in life. Which is why I take everything on here and every gain my pawtfolio makes with a pinch of salt.

Unless you have enough money to be buried with your Porsche, why own one?

To each their own of course, but laughs and giggles are my reward in life. If RR allow me to do that, then I’m a happy Kitty! 👍

“ You are welcome to pay my tax bill NTC if you want to help the work shy. Certainly not going into the road network!!!”

No, we all pay. It’s not the best system I’ve ever seen, and it can of course be a lot better. But suggesting people only pay tax for the benefits others receive is slightly too right wing for my way of thinking.

And now I’ve opened that can of worms….. 😂

Apologies Pappalazz, I wasn’t talking about you specifically, just the increase in people posting about how to save on CGT.

The tax is there to pay, not avoid.

Very interesting post.

I to am self employed, but also have a limited company operating in a different sector.

Personally, I never ask for advice to reduce my tax bills as I feel all tax should be paid in full at the proper time - essentially, that’s what keeps the country moving forward.

All this talk of finding a tax efficient way if investments out of ISA territory worry me a little.

I started in 2020 quite blind so opted for a Smart Investor through Barclays. I realised soon after I hadn’t taken my ISA allowance so over time, and within the CGT allowance, I steadily transferred as much as I could over to my ISA, year on year.

I understand that is more difficult now the CGT threshold is lower but I won’t have any issues in paying any CGT required if I ever need to cash in everything external to my ISA.

Sometimes it’s best to pay what is due rather than finding ways to fiddle the system.

Great post OJ, I use that MCap site a lot.

What’s interesting is different takes on it though.

You suggest RR is overvalued based on its current surroundings, whereas I suggest it’s the exact opposite.

I guess that then comes down to personal choice from any investor.

RR ‘should’ be a lot higher in my humble opinion, but then we’re into realms of RR justification couple with surrounding MCaps being a lot lower, on par, or indeed better than they have currently.

70bln MCap puts us into the space I think they should currently be, in my very humble opinion.

And did you knock off the genius cat?

Very true Billy. RR, at the moment, is a chart less enigma. There really is no way of calling it until it reaches true value.

And true value is, all together now….. £7 come Feb 2025! 😂

...what about that 3.80? 😂

I'm actually not convinced 3.80, as a number, exists.... why? Because I didn't see it. We went through it so fast, like the Loch Ness monster, I'm holding off it's existence without actually seeing it.

Anyone got any hands spare? Mine are currently being using planting my face.

Yep, paws up on this one - way out.

Toffers mate - it wasn't £9 as PEAK and Market duster have pointed out, the LSE forum chart doesn't show dilution.

Highest price for RR, with dilution taken into consideration, was 2013/14 at around 4.36.

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"In my view due to the massive share dilution RR will need to carry out buy backs before divs are announced."

Tufan ruled this out at the CMD. To paraphrase, he suggested "buybacks weer a possibility in the long term".

At the same time, Armstrong (CFO) suggested divs are short term once the company is comfortably within it's investment grade status.

In terms of maximum price for RR over the years, you are correct. My only point with that in mind is that RR is now a different company to the SP highs of 2013/14. The internal forecast alone is phenomenally different and so an increase to take us over those highs is more than probable short term.

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"Mystic as I said £4.20 is another sticking point , on a very Strong day where some stocks up 3% and the FTSE hits 7940 highest for ages"

You said a 3.80 price come August would be a bouncy sticking point.

All this talk of bouncing and sticking at totally wrong SP predictions whilst it's souring is getting boring.

As Mystic suggests, Happy Friday - but own your posts Retirment, and stop moving the goal ones. 😂

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The obvious suggestion would be borrowing short term to benefit long term.

I'd be happy with that situation if long term benefit was kept within this country (increase in jobs etc).

What I can't support is a necessity to borrow and then spend it on underground electricity cables running from America and Morocco.

That would make absolutely no sense to me.