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Calculating CGT tip

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Comments

  • Ifts
    Ifts Posts: 1,960 Forumite
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    cloud_dog wrote: »
    No. Of Shares to sell = CGT Allowance / (Current Price - Buy Price)
    capital0ne wrote: »
    Quite simple really

    Yes, agree with you there (taking into account trading fees + SD)
    Never let the perfume of the premium overpower the odour of the risk
  • cloud_dog
    cloud_dog Posts: 6,334 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I'm loathed to prolong this agony but...
    capital0ne wrote: »
    So here's an even simpler formula:

    So share value to sell = CGT_allowance/percentage_gain + CGT_allowance
    Your's is not a simpler formula because you have added in the 'complexity' of calculating the percentage increase, rounding (or not) and then undertaking the calculation. KISS.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • capital0ne
    capital0ne Posts: 872 Forumite
    500 Posts Second Anniversary
    Ifts wrote: »
    Yes, agree with you there (taking into account trading fees + SD)
    Well of course there will be trading fees, but no SD as it's an ETF

    Good point tho'.
  • capital0ne
    capital0ne Posts: 872 Forumite
    500 Posts Second Anniversary
    cloud_dog wrote: »
    I'm loathed to prolong this agony but...Your's is not a simpler formula because you have added in the 'complexity' of calculating the percentage increase, rounding (or not) and then undertaking the calculation. KISS.
    Actually I know the percentage gain so for me it is simple.
  • cloud_dog
    cloud_dog Posts: 6,334 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    capital0ne wrote: »
    Actually I know the percentage gain so for me it is simple.
    Well ok but...

    It doesn't appear to be simpler to me, and I don't think it is really simpler to you either, otherwise why would you state an incorrect formula?

    I'm not going to point out the error in your formula as I'm sure you already understand where your error is and you are just posting an incorrect formula to stimulate discussion.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • talexuser
    talexuser Posts: 3,537 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    How about dividends reinvested along the way between original buy and sell? Formula needs the average cost along the way (minus dealings)? :rotfl:
  • MysteryMan00
    MysteryMan00 Posts: 148 Forumite
    ...but let's not crucify him over his mistake.

    Let him keep his pride! ;)
  • eskbanker
    eskbanker Posts: 37,635 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    MysteryMan00 wrote: »
    ...but let's not crucify him over his mistake.

    Let him keep his pride! ;)
    Always look on the bright side of life.... :)
  • System
    System Posts: 178,361 Community Admin
    10,000 Posts Photogenic Name Dropper
    Crucifixion is too good for him!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • capital0ne
    capital0ne Posts: 872 Forumite
    500 Posts Second Anniversary
    MysteryMan00 wrote: »
    ...but let's not crucify him over his mistake.

    Let him keep his pride! ;)

    Heheheheh - very funny, I like it, well it is Easter

    Happy Eggs everyone!:rotfl::T:rotfl:
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