Share Dealing Discussion Area

becks0723

Hi guys.

I'm looking into buying some shares in Euro Disney S.C.A and I would like the paper cretificate, can anyone advise me who to go through? I'm not really bothered by the cost as it is a birthday present and is not meant to be a money making investment. I'm also going to apply for the VIP membership card too so that they can have all the bonuses that go with it (VIP areas in the park, discounts on tickets, discounts in shops and restuarants etc. I am looking at buying around 500 shares (as thats the minimum needed to apply for VIP priviliges) any help would be massivly appreciated

Optimist

If you haven't got an account with a broker I would suggest asking at your bank, that way you "might" avoid all the hassle of setting up an account and going through the money laundering stuff. I believe the minimum is 500 shares then you have to pay a 30€ admin fee. If you have 2000 and above shares then joining is free. I know you said your not bothered about cost but your dealing costs are going to be a fair proportion of the sum paid for such small amounts.

billyand

Can I have some help please I am thinking of selling my Boots shares as they are doing well at the moment, what is the threshold over which I have to pay tax on the sale
thanks?

cheerfulcat

You don't pay tax on the sale, you pay tax on any gains over your annual CGT exemption, which is £8,800 for the current tax year. Subtract the costs of purchase from the sale proceeds - if the result is less than £8,800, then you have no tax to pay.

billyand

thanks for explaining this to me can I ask what is the tax rate over the CGT exemption? thank you

cheerfulcat

Hi,

It depends on your income for that tax year; if the taxable gains + your income are within the basic rate band you pay CGT at 20%. Any gains that take you into the higher rate band are taxed at 40%. Have a read here, it's explained fairly clearly.

billyand

thank you cheerfulcat your help. Your speedy response and link is much appreciated. You have stopped me making an expense mistake. thank you

cheerfulcat

Glad to be of use, billyand. I forgot to mention taper relief and, if you held the shares before ( I think ) 1998, indexation relief; these can bring your taxable gains down a bit.

Also, are you aware that there is some speculation regarding a takeover approach? If you are bought out you will have no control over the timing, though of course there will be plenty of time before any final decisions are made. You might be interested in the TMF Alliance Boots board, here.

sashacat

I am thinking of starting an Investment Club with some friends and have bought the Proshare manual. Has anybody on here done this and, if so, please could they give me any advice....did it go well, things to look out for/ avoid/ good ideas for banks ( Proshare recommend the Co op bank) and brokers. Also what sort of size of club works best? All/any help appreciated. Thanks

mutley74

Any advice on who is the best broker between Hoodless Brennan and Etrade??

I notice the MSE article on share dealing has not been updated for the Etrade offers.

I want to open an general dealing account and an Maxi Isa (self select) next tax year.

I was interested in Etrades offer of £4.95 per trade until July, and only the £2.5/month management fee on its ISA.

I used to use self trade in the past and feel let down by there £12.50/trade charge which I think is quite high. Although I liked selftrade service as being very simple and easy to use, especially the SMS alerts. DAK if any other broker provides free SMS alerts??