CGT on Sharesaves...?

C_Mababejive

If i have certificated shares obtained under historical sharesave schemes and i wish to transfer them to crest,am i right in thinking that this will not be a disposal for CGT purposes?

gadgetmind

Dunno what "transfer to crest" means.

What is the starting and ending position regards ownership and wrapper?

jonnyb

transfer to crest just means switching from paper based share certificates to using online shares, as far as I understand it.

I did something similar 5 years ago when my last sharesave matured.

As you are not selling, just moving them from one format to another, there is no CGT issue.

gadgetmind

OK, agreed; placing certificated shares into a nominee account in the same name isn't a disposal and is something that I do 2-3 times a year for various reasons.

Ark_Welder

Transferring to Crest does not necessarily mean going into a nominee account. It means moving from paper-based records to electronic. Through a Crest sponsored membership account the individual's name still appears on the share register - unlike through a nominee account - and all company reports and other documents are sent directly to the individual, including dividends. You are an actual owner of part of the company rather than just a beneficial owner.

http://www.londonstockexchange.com/traders-and-brokers/private-investors/private-investors/about-share/how-hold-shares/how-hold-shares.htm

C_Mababejive

Presumably one of the main issues re crest direct ownership accounts and nominees is that the former would be more expensive to operate whereas the latter would be less and often free?

As an aside,I wonder how traceable assets in nominee accounts are?

Ark_Welder

C_Mababejive wrote: »

Presumably one of the main issues re crest direct ownership accounts and nominees is that the former would be more expensive to operate whereas the latter would be less and often free?

Cheapest Crest sponsored account, to my knowledge is from Fastrade, at £2.56 per quarter. I think that it had used to be around a tenner a quarter (as per Stocktrade), but that might just be my coulded imagination. They are in the process of re-branding to the parent company (Charles Stanley), but whether that will also involve a re-branding of prices is a space to be watched.

C_Mababejive wrote: »

As an aside,I wonder how traceable assets in nominee accounts are?

Traceable by whom? HMRC? Probably...! Scammers? Probably not. A major advantage of a nominee account is that the investor's name does not appear on the share register, so it should reduce the noticeability of an individual to said scammers.

MoneySaverLog

chris_m wrote: »

Here it is, in Excel 2010 format. I don't have any other versions or software to try it out with.
http://www.f22.org.uk/sharesave/Sharesave_Maturity_Planner_2.xlsx

saved as Excel 97-2000 format - I "think" it will work, but I don't have any other versions or software to try it out with.
http://www.f22.org.uk/sharesave/Sharesave_Maturity_Planner_2.xls

Thank you for this, it looks like it may be very useful when it comes to avoiding CGT

I've been looking over these spreadsheets, at the Single (Max ISA) sheet mainly. I cannot seem to get the value in D24 to show correctly. e.g. £250 per month over 60 months is £15,000 invested at a option price of 4.96 would mean I have 3024 option shares, this cell shows as 3,155 shares instead.

I'm assuming your spreadsheet has bonus shares included, which my scheme does not give. Is there a way to counteract that for working out CGT?