Share Dealing Discussion Area

bluey43

Hihelp required, my son invested in his company share option scheme and my daughter and I shared the cost.My son now has the share certificate and is going to sell them for us.He has been told as he is a high tax payer he could be charged 40% tax,my wife is a non tax payer can he transfer our share into my wifes name thus avoiding the tax.If it is possible to do it how do we go about it.The total value of the shares is about£15.5k,thanks in advance hope some one can enlighten us.
Thanks Bluey43

cheerfulcat

It's not possible to avoid capital gains tax in this way, as gifting the shares to anyone but a spouse counts as a disposal for CGT purposes. However, after any taper relief, and allowing for the CGT exemption of £8,800 for this year, the tax should not be too onerous - bear in mind that it is not the value of the shares but the gain which is taxed.

cloud_dog

Another suggestion might be to sell some before 6th April and then the remaining after 6th April (ignoring taper relief, and assuming you don't mind waiting another month for the rest).

cloud_dog

H_Rehman

tracylaw wrote:

I received a letter from Arc Equities Limited, this morning concerning the floation of The Weather Lottery, currently a Private company, but apparently floating on the stock market and the letter invites interest prior to "the Company's inteded admission to AIM in due course"

Please could anyone explain this, and whether it is a good idea to buy shares in this investment - or how would I find out? Has anyone else received a similar letter?

Thanks T

I have also received a similar letter "Limited Shares Offer Prior To The Company's Admission to AIM".

The Name of the company is "Smart Implant Holdings Plc" for which shere are offered at 17% dicount.

The letter is dated 1 March 2007.
I would also like to hear from some one about this.

Regards

Rehman

cheerfulcat

I have also received a similar letter "Limited Shares Offer Prior To The Company's Admission to AIM".

Oh dear, poor tracylaw never got a response. My advice in both cases is to bin the letter. You don't want to buy shares from cold callers, whether by telephone or by post. This thread might be of interest btw.

EagerLearner

Hi all,

I have never bought a share before and now have £250 I would like to buy - how should I start? Please be gentle and advise baby steps - I have read Martin's article and Hoodless Brennan seem the place to start? Or...?

I have an idea of 2 or 3 companies I would buy shares in. I might then buy £200 a quarter or something, or £50 a month, depending on what regularity is best.

Or am I better off signing up to a scheme where I pay a company £50 a month and they buy random shares for me? I feel a bit more adventurous than that though...

Optimist

With such small amounts and if your really determined to play on the stockmarket I would suggest looking at the Halifax sharebuilder this allows you to make small regular investments for a purchase price of £1.50
http://www.halifax.co.uk/sharedealing/sharebuilder.asp or the Motley Fool sharebuilder which uses the same platform as the Halifax one but I believe works out slightly cheaper when taking selling costs into account.
http://www.fool.co.uk/share-dealing/share-dealing.htm?source=ishshdban0050008

EagerLearner

Thank you Optimist - if I don't know much about shares should I just give £50 a month to a company who does and they invest it for me?

Optimist

EagerLearner wrote: »

Thank you Optimist - if I don't know much about shares should I just give £50 a month to a company who does and they invest it for me?

I really don't feel competent to give you that advice. It depends on your personal circumstances, your attitude to risk, your aims etc.

Have a read of this

http://money.guardian.co.uk/investments/story/0,,1975249,00.html

cloud_dog

EagerLearner wrote: »

Thank you Optimist - if I don't know much about shares should I just give £50 a month to a company who does and they invest it for me?

Eager, I thought you said you had 2 or 3 companies you were interested in? If so, then your vest option is as per Optimist suggests and use the Halifax share builder route.

Your only alternative is a collective vehicle approach, Investment Trusts, UT's, or OIEC's. ETF's might be worth considering as they tend to have very low (zero in some cases) dealing charges but, it would be more akin to investing in a collection of investments as they tend to track specific indicies.

cloud_dog