Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
Page 1
    • Rhino666
    • By Rhino666 7th Jun 07, 11:49 PM
    • 496 Posts
    • 161 Thanks
    Rhino666
    • #2
    • 7th Jun 07, 11:49 PM
    • #2
    • 7th Jun 07, 11:49 PM
    Probably the best way is to sell through Hoodless Brennan. The share certs will need to be sent to them first as they act as nominees but then I think you get your first months transactions commission free :-)
    PLEASE DO NOT STEAL
    The Government will not tolerate competition

    Always judge a man by the way he treats someone who is of no use to him
    • DocProc
    • By DocProc 8th Jun 07, 9:38 AM
    • 831 Posts
    • 383 Thanks
    DocProc
    • #3
    • 8th Jun 07, 9:38 AM
    • #3
    • 8th Jun 07, 9:38 AM
    From the information you have given, I would infer your daughter is sitting on a few share certificates - or at least they are in a drawer or file somewhere.

    So as to be able to sell these shares your daughter needs the services of a broker who can allow her to open a 'Certificated Account'.

    The 'first month free' deal with Hoodless Brennan mentioned above is actually for an 'online trading account' only, which unfortunately, is not the sort of account you are in need of. This type of account doesn't use share certificates.

    I would suggest you have a look at what is offered by Barclays Stockbrokers. For a Certificated Account, they are also a little bit cheaper than Hoodless Brennan, too.

    http://www.stockbrokers.barclays.co.uk/content/Public/Products_And_Services/Certificated_Share_dealing_rates.htm

    When you or your daughter click on the link, do also have a look at the 'Open an Account' tab. You will see that you can merely ring up and open the type of account you want, namely their 'Certificated Share Dealing Account', over the phone.

    I hope that helps.
    • cheerfulcat
    • By cheerfulcat 8th Jun 07, 10:39 AM
    • 3,174 Posts
    • 1,352 Thanks
    cheerfulcat
    • #4
    • 8th Jun 07, 10:39 AM
    • #4
    • 8th Jun 07, 10:39 AM
    There's also the Share Centre, which doesn't require you to open an account to sell certificated shares.
    • dancingfairy
    • By dancingfairy 8th Jun 07, 2:39 PM
    • 8,926 Posts
    • 7,315 Thanks
    dancingfairy
    • #5
    • 8th Jun 07, 2:39 PM
    • #5
    • 8th Jun 07, 2:39 PM
    What about her bank? They should be able to sell them for her- surely? It might cost a bit more in dealing charges but I would have thought it would be the simplest and you wouldn't need to set up any accounts with other companies. Ask them how much they would charge then if you feel it is to expensive you could consider going elsewhere but should be the least hassle I imagine.
    Making my money go further with MSE
    How much can I save in 2012 challenge
    75/1200
    • gt94sss2
    • By gt94sss2 8th Jun 07, 5:47 PM
    • 3,860 Posts
    • 1,727 Thanks
    gt94sss2
    • #6
    • 8th Jun 07, 5:47 PM
    • #6
    • 8th Jun 07, 5:47 PM
    So as to be able to sell these shares your daughter needs the services of a broker who can allow her to open a 'Certificated Account'.

    The 'first month free' deal with Hoodless Brennan mentioned above is actually for an 'online trading account' only, which unfortunately, is not the sort of account you are in need of. This type of account doesn't use share certificates.
    Originally posted by DocProc
    There is no need to use a 'Certificated Account' - one can simply join a online broker and then send the share certificates to them to register against their account before selling them.

    This would be a lot cheaper than using a certificated account.

    As has been mentioned, Hoodless Brennan offer the first month of trading commission free

    Alternatively:

    2) HSBC InvestDirect will charge you £11.95/trade to sell your shares, if you have a HSBC current account.

    3) Selftrade charge £12.50/trade but have a referral scheme where you could get up to £80 (see this thread for those offering referrals)

    Regards
    Sunil
    • Rhino666
    • By Rhino666 8th Jun 07, 5:48 PM
    • 496 Posts
    • 161 Thanks
    Rhino666
    • #7
    • 8th Jun 07, 5:48 PM
    • #7
    • 8th Jun 07, 5:48 PM
    'For a Certificated Account, they are also a little bit cheaper than Hoodless Brennan, too.'

    That may be true when dealing with individual certificates but why not send them all to the broker in the first instance. You would have to do that each time you sell anyway, so doing it once for all the certificates at the start has to be the best and safest move IMO - I would recommend Special delivery for this. It takes a few days to add them to your nominee account which can be viewed online and then as a new customer you get to deal for free for the first month.

    I have done all this myself and not looked back - they have been excellent and are currently the cheapest broker AFAIK.
    PLEASE DO NOT STEAL
    The Government will not tolerate competition

    Always judge a man by the way he treats someone who is of no use to him
  • FireBox
    • #8
    • 18th Feb 08, 10:12 PM
    Selling shares
    • #8
    • 18th Feb 08, 10:12 PM
    Hi there,

    I'm pretty new to all this share purchases etc.

    Today, I purchased some shares of an American company through Hoodless Brennan (HB). I have little experience in this all.

    I'm aware that I may be liable of Capital Gains Tax (CGT) on any gains I make on these shares should I sell. When I asked the lady whether HB sorted out these out for us - I was told that 'She couldn't say anything other than for me to speak to a Tax Advisor'

    Eh?

    Do I need to speak to my local tax office before the end of this financial year? Or only when I come to sell?

    How is it all worked out? Is it complicated?

    Thanks,

    F
  • Mikeyorks
    • #9
    • 18th Feb 08, 11:06 PM
    • #9
    • 18th Feb 08, 11:06 PM
    Do I need to speak to my local tax office before the end of this financial year? Or only when I come to sell?
    Originally posted by FireBox
    At worst - you only need to contact them when you sell. And only then if you make (together with any other {capital} gains in the year) more than your CGT allowance for the year - circa £10k for next year.

    Trust the US stock purchase is not the result of a cold call from an Investment Co?
    If you want to test the depth of the water .........don't use both feet !
  • FireBox
    US Stock purchase
    Cold Call? No. I went direct with HoodlessBrennan to buy direct into a certain 'Fruit company'

    So I have an allowance for CGT - totally independent of Income Tax? Where does it say this in the HMRC website? Can you provide a link?

    Thanks,

    F
  • Mikeyorks
    Yes .. independent of IT.

    It's not uprated on the HMRC site yet, but I'm sure it's in prospect for circa £10k (£9.2k this year) :

    http://www.hmrc.gov.uk/rates/cgt.htm

    PS .... look at the annual exempt amount but forget the 'indexation' stuff as the means of calculating CGT is changing ... and will be 18% if you exceed the allowance.
    Last edited by Mikeyorks; 18-02-2008 at 11:17 PM.
    If you want to test the depth of the water .........don't use both feet !
  • FireBox
    Right...
    So let me get this straight in my newbie mind.

    Is there a difference between what I've done today - and a share option scheme through my employer? Because colleagues in the past have had to pay a sum on the gains they've made when they sold (at a profit).

    Obviously this would depend on if the profit exceeds the CGT allowance (which I can't confirm).
    • If I only make £500 out of this execution in this tax year - do I simply ignore telling HMRC?
    • Can I simply close the account and forget all about it and keep the £500 profit in my pocket?
    • Should I miraculously make £10k profit - what do I need to read / complete?

    Thanks so much for your time

    F
  • Mikeyorks
    • A) If I only make £500 out of this execution in this tax year - do I simply ignore telling HMRC?
    • B) Can I simply close the account and forget all about it and keep the £500 profit in my pocket?
    • C) Should I miraculously make £10k profit - what do I need to read / complete?
    Originally posted by FireBox
    A) Yes. B) No need - see A C) You'll need to complete an SA return and include the CGT pages (CGT is collected / accounted for under SA).

    ..... also be nice if you told me, if these are a 'cert'!
    If you want to test the depth of the water .........don't use both feet !
  • FireBox
    Fruit Company
    I put some cash into Apple Inc. (AAPL)

    I wouldn't say they're a 'cert'. I'm purely going by my knowledge of the industry and my feeling of the 3G iPhone.

    $125 is cheap. Depends on how the US economy fairs in the next 6-8 months. If I need to stay long-term, I'll do so

    Thank-you so much for your time - its greatly appreciated
  • Mikeyorks
    Best of luck with them.

    The reason for my initial hesitation (cold calls) is that there's a lot of 'boiler room scams' going the rounds and particularly concentrating on US shares. However, you normally buy from the scammers ... so the fact you purchased from HoodlessBrennan did suggest it wasn't a 'persuaded' purchase.
    If you want to test the depth of the water .........don't use both feet !
Welcome to our new Forum!

Our aim's to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

670Posts Today

5,443Users online

Martin's Twitter