CGT Computation Working Sheet

tmen

I am filling in a CGT return and need some advice with the Computation Working Sheet. If for example I have a unit trust (Oeic) Accumulation units as follows
　
2010 Purchase 500 units £1000
2011 Reinvestment of Net Income 0 units £50
2012 Reinvestment of Net Income 0 units £70
2012 Sale 500 units £1300

Do I need to fill in 3 Computation Working Sheets and apportion the sale value over the 3 separate investments e.g.
2010 Cost £1000 sale value £1160.71 Profit £160.71
2011 Cost £50 Sale Value £58.04 Profit £8.04
2012 Cost £70 Sale Value £81.25 Profit £11.25

Or should I fill in 1 Computation Working Sheet and put £1000 in cost, £120 in Improvement Cost and Profit £180

I posted this in the wrong forum earlier and somebody said they would fill out 1 Computation Working Sheet with £1120 in cost, £180 in profit and add a text note to show the actual breakdown with dates.

ceeforcat

Perhaps I am being a bit dim but, if dividends were reinvested, why did they not purchase more units?

tmen

You don't get more units as it's an accumulation fund, so the income increases the unit price. If it was an Income fund you would get more units.

But in both cases you get a tax voucher and pay income tax on the gross dividend and reinvest the net income.

ceeforcat

Ahhh - don't know why I assumed it was an income fund, given that I have a few accumulation funds myself.

I would agree with the previous advice given - you have received the dividend and paid the tax - your cost has increased by the same amount.

pjclar02

However if those are your only capital disposals during the year, then you do not have to declare them at all as they are below the de minimis limits for declaration