One off share deal

kiltyboy

I have some shares I want to sell shortly. I'd previously used Lloyds TSB on line (in 2006) and this was fine with no problems. Basically I want to sell once the shares reach a set price or as near as (which they are close to now). It should realise no more than £14K.

Can anyone suggest a dealer please.

KB

ses6jwg

I may be wrong here, but it may be worth bearing in mind that you will be liable for Capital Gains Tax if you sell whole lot for 14k right now... might be worth splitting it in two transactions if possible?

Lokolo

Capital Gains is on profit from selling. Selling in 2 transactions will not matter anyway as it would still be in the same tax year.

ses6jwg

Lokolo wrote: »

Capital Gains is on profit from selling. Selling in 2 transactions will not matter anyway as it would still be in the same tax year.

Just playing devils advocate here, how easy is it for HMRC to track an individuals share dealing transactions and whether profit is being declared?

Also when I said 2 sells I meant one now and one in April.

Lokolo

ses6jwg wrote: »

Just playing devils advocate here, how easy is it for HMRC to track an individuals share dealing transactions and whether profit is being declared?

Also when I said 2 sells I meant one now and one in April.

No idea! I keep getting new tax codes whenever I change jobs so I would say not very easy, mainly cause they're crap.

Rollinghome

ses6jwg wrote: »

Just playing devils advocate here, how easy is it for HMRC to track an individuals share dealing transactions and whether profit is being declared?

Also when I said 2 sells I meant one now and one in April.

I doubt it would be noticed unless they did a routine investigation. But if they do one and find you've been naughty they'll go through every scrap of paper from every bank, savings account, cc account and stockbroking account you've ever had. Anything that's had money through it. If you can't find something they want they'll get it and you'll pay the costs.

I had two of them at my office for a day and fortunately all my accounts are completely transparent and as clean as a whistle. Don't mess with then if you want a quiet life.

If the op is within his annual CGT allowance he'll be fine.

Just_landed

I had the same situation a month or two ago for a relative with TSB Shares . We telephoned the Halifax share dealing service explained it was a one of sale answered a number of questions, they gave a price, we said yes to the price offered and sent the share certificate to them. My relative then received a cheque a couple of weeks later. The cost to do this was £30.00 if I remember rightly taken from the sale price. Hope this helps.