Member Info for TomE

Apples hi,

Maybe they know something that we don't. Nobody in their right mind would slap down over 3/4 of a Million £ without having a firm belief that what they were investing in was excellent to say the least.

Its show time for sure IMO.

ATB

Tom :-)

As strange as you Arnold lol

The close was 4.95 !!!!

I can not believe these are still selling !!!!!! when will they learn, ???????

Bamps hi,

So sorry to hear that you are in the middle of things and hope it has not effected your home. Just watching the BBC news and yes its awful to say the least. York looks bad too. I really feel for all those concerned and hope it dries up very soon. My private road down to my house is flooded and I have to walk over my neighbour's lawns to get out onto the main road, good job I have me new Boots, thanks to Troubles :-)

Keep well.

Tom

Pants hi,

You are very welcome !! I did find this on the web. "Flexible - A ‘flexible’ ISA allows you to make a limited number of cash withdrawals during the fixed term, often up to a limit - typically 10% - of the balance. It also gives you the option of putting the same amount back in during the same tax year without affecting your current year’s allowance.

https://www.telegraph.co.uk/financial-services/money-comparison/savings-accounts/taking-money-from-isa/

Have a good day.

ATB

Tom :-)

SG hi,

Forgive me I did not know that but that's great news for new investors.

Thanks for pointing that out !!!

Cheers

Tom :-))))))

Pants i forgot to say you are right about:- Say you put in £20k this year's allowance and you wanted to remove that £20k you can NOT put that amount back in until the next tax year. And you are also correct in that you can buy and sell within your share ISA, as many times as you like up to the value of your "total investment value" in your ISA.

Cheers

Tom :-)

Pants hi

You are correct. Whatever amount of cash or shares you have in your ISA account you can do with what you please. You may have £100k in your ISA or above and you can buy or sell to that amount. Once you put your MAX £20k in each year you can deal to whatever value you have its not just £20k!!! its what you have in your account that maters. There is NO limit on cash buys or sells.

ATB

Tom :-))

Dan hi,

Re suspended stock.

If i am correct the stock is suspended so it can not be sold or moved, so I would think not. When they are released you can then sell them and transfer the "cash" into your ISA as long as its within the £20k allowance each year, so if you put your GGP shares in at say £10 K you can put the other £10k from those un-suspended shares that you sold. Once you put your £20k total for the year you can not put any more cash in until the new Tax year 2021 April 6th ish.
This is another reason why you should open an ISA asap.

Cheers

Tom :-)

Dan hi,

I doesn't matter open it ASA sure others would agree, I wish I had done it earlier years ago, once its done its nice and safe and you will have no worries at all. You already hold half of your yearly ISA allowance so its worth transferring now rather than later, remember if the Share went sky high any profit is TAX free. 250K share is a very nice start so an ISA is a must. Up to you for sure but do it ASAP.

Good luck whatever you decide.

ATB

Tom :-))

Daniel hi,

Speak to HL and open an "ISA share dealing account" IMMEDIATELY they will sort it out for you then transfer all to that new account as you pay NO CGT or any form of tax in an ISA account. You can still deal normally in your new ISA but have no worries for future tax problems. Do it tomorrow or during the week without fail, you will not regret it for sure.

Your allowance each year into that account is £20k so no worries, try not to take cash out as you can not put it back until the next year allowance. However you can buy and sell share to any value that you have in your ISA account. Speak to HL or pop in to arrange.

ATB

Tom :-)))

J Hi,

Exactly, I know its complicated and I too did a dummy buy and sell and it came up the same as you.

Thank heavens as I thought I was going bonkers, its maybe the way I was trying to explain !!

Apart from that I will not sell as many from the trading acc and will only sell to cover expenses costs eg: £20 for the new ISA allowance in April. And as costs come up. I am trying very hard to reduce my Trading acc and adding to my ISA, it will take years though. If they get a lot higher in SP I will do what I was saying but I will no doubt get a substantial CGT bill but the rise in SP will cover that I hope.

I am also trying to get a nil cost on the GGP shares that will involve selling a load more but only enough to cover the initial cost and keep the rest in shares until next year and then do the same again.

It was peeing down outside so decides to stay at home with a nice bottle of Red wine that will have to do.

ATB and sorry for the confusion.

Tom :-))))))))))))))))

J

I see what you are saying and I agree. I use the CGT Calculator each time I buy or sell with my associated spread sheet and it will give you a reading and summary of what CGT maybe required. In this particular case I am only removing money that I have invested NOT taking it all out including any profit that I agree would be subject to CGT. If you have made a gain of course it is subject to CGT but I am not removing the profit I am only removing the original capital invested. It works out for me and I have sold and bought thousands of shares and then calculator works out everything.

As I believe you do not pay CGT on shares held in an account and you only pay if I am correct only if you sell as shares can go up and down throughout the year so how can you tell how much you owe !!! You pay anything above your allowance when you sell.

Im off for a beer as I am having a drought so good luck whatever you do.

ATB

Tom :-)))

J
I know what you mean but I do NOT intend taking the other £50 out It will remain in the account. I am fully aware that it is the profit half and is chargeable that why I said I could take out the allowance NEXT YEAR. I am only taking out the original investment NOT the profit part ( that we agree is subject to CGT )

SPy Hi,

Exactly, what a waste of time even reading the posts. I have spent hours trying to catch up on the 100's of posts over the last few days and what I am doing now is just reading those from posters I can see are of value and by-passing all the other noise.

Have a good w/e

Tom :-)))

NO
What I have said:-

Say If I bought £50 worth of shares at say £1 so that's 50 shares and the average is £1 as no other shares are involved.

Say in 6 months those 50 shares are £2 each that's now £100 that includes £50, Total gain ( profit ) !!!!!.

What I am saying is that I can take out my original investment of £50 without getting involved with CGT ( not taking into account allowances for this example ) as the average is still £1 Leaving the total gain in the account.

The reason I am talking about this is that I intend to take out ALL of my "original book cost investment at the average of 0.0161 and keep the profit gained as shares held at Nil cost. I can also then take £12 each year out of that profit as my allowance. So apart from removing the original investment I can take £12k late March and another £12k after 5th April. Then another next year.

Hope that clears that up Phew.

Cheers

Tom :-)

Johnson Hi,

Yes I use the calculator all the time and i have an excel spread sheet detailing all my shares sold and bought. And I do paste it onto the calculator. I have been using it for a number of years.

http://www.cgtcalculator.com/calculator.aspx

All I am saying is that when I bought the shares in question ( GGP ) I have not sold them so the average cost is the same as when I bought them. So any amount "invested" I can remove / sell as long as it does not include and profit.

That's my belief anyway and I have done the same many times before.

Cheers

Tom :-)

Jim, Yes he does own that amount, this is a little out of date but shows 133 million shares,
https://www.marketscreener.com/business-leaders/Stephen-Beetham-0H47YW-E/biography/

Why doubt him ??????