Nervous - Exactly. It is only market sentiment which is driving this share down at the moment. Invest £100,000 at the current price and the yield is 8.98% pa. No brainer if you're after income. Any capital gain on a future rise in the SP is an additional bonus
Nervous - Exactly. It is only market sentiment which is driving this share down at the moment. Invest £100,000 at the current price and the yield is 8.98% pa. No brainer if you're after income. Any capital gain on a future rise in the SP is an additional bonus
Why is everyone having a go at Kewjosh? In his opinion the recent SP surge has run out of steam and there is likely to be a correction downwards. He has stated his reasons why he thinks this. What 's wrong with that? Just because he has an opinion different to someone else is no reason for the constant attacks. Give the man a break.
I've lost track of the times I've gone long on a spreadbet only to have the SP fall rapidly (RR is an example). You can never tell. Nothing wrong with a short spreadbet if that's your personal opinion. You can never accurately predict in this game.
A lot of posters on here predicting a SP rise following the results on Thursday.
A lot of posters on here predicting a SP fall following the results on Thursday.
The truth is : no-one knows how the market will react in Thursday, certainly not us.
Slift - I don't know whether Jim is American (because he keeps referring to IRS) but I'm afraid his advice is incorrect. Capital Gains/Losses on share dealing is not self employment. You calculate the Gains for the year and take off the losses for the year to get your net Capital Gain. When using losses from a previous year don't forget that you also have a CG allowance to set off against your net Gain before you use any previous year's losses. For 2020/21 the allowance is £12,300.
A word of warning - calculating Capital Gains on share dealing can be complicating especially if you are buying and selling the same share as there are "pooling" and 30 day rules. If your share dealings are complicated - use a reputable accountant to work out your Gain. Also, I note that you say that your Gain for the year will be offset by losses brought forward and therefore there will be no gain. If that is the case then you do not even have to inform HMRC.
Just to correct certain points.
1) If you fill a tax return yes you have to complete the employment pages as well as the CG pages
2) You only have to summarise the CG on the CG pages on the Tax return
To correct Botbot:-
If you are an employee then any business mileage you do in your own car (excluding home to work travel) should be claimed from your employer.
You can claim for the additional costs of lighting/heating/ etc of working from home. However, this is likely to be small.
You can only backdate a claim for 4 years but if you do, you're likely to be asked for evidence to substantiate your claim.