Share Dealing Discussion Area

catz1ct

tradetime wrote: »

Can they be transferred that easily, given that the original holder cannot sign the relevant paperwork? I ask because my mother had a holding of some shares when she died recently, my brother has a holding with the same company, transferring them to him would be logical if it can be done.

As long as the death has been registered with the registrar the shares can be transferred to whoever you like! They also be sold then as well.

catz1ct

SmallTownGirl wrote: »

I am the Executor of my late Mother's estate. She only had one lot of shares, 109 Rolls Royce shares and I need to sell them.

Does anyone have any ideas as to the quickest/cheapest way of doing this pls?

I've tried Barclays, but have to open a trading account, which is ridiculous for only one transaction, and Computershare (where the shares are registered) say that I've got to transfer them to my name before I can sell them, which seems equally ridicuous, as they've kept a copy of the Order of Probate I sent them!

I'd be grateful for any help.

Thanks
STG

You don't really need to transfer them before they are sold its just the stockbrokers like to have all the documentation correct.

I,_Brian

Just can't get any trades moving today on Selftrade. I wonder if the snow in London today took out a chunk of Crest operations as well as Selftrade.

musclesza

cheerfulcat wrote: »

You don't need to declare any profit under the allowance as long as your total disposals in any one tax year come to less than four times the allowance. There is no other tax to pay.

So if I trade outside of an ISA and make lets say 1000 pounds and my total transaction were 10 000 (ie bought and sold shares) I would not a pay a penny in tax???

Also any divident income from the shares is that taxable?

What is the point in an ISA then?

I,_Brian

Income from investing in shares are subject to Capital Gains Tax under normal conditions - income from trading in shares is subject to Income Tax under normal conditions.

Income from investing/trading in shares within an ISA is not subject to any tax liability - ie, the income is tax free.

Hope that helps.

musclesza

I,_Brian wrote: »

Income from investing in shares are subject to Capital Gains Tax under normal conditions - income from trading in shares is subject to Income Tax under normal conditions.

Income from investing/trading in shares within an ISA is not subject to any tax liability - ie, the income is tax free.

Hope that helps.

Yeah that helps a lot - Can I buy and sell as often as I want in an ISA? Think its time to get the ISA's cracking

Luckymonkey

Hiya

I`m a bit new to trading and I would like to know a little bit of info from you guys please. I have just opened an hsbc investdirect trading account and purchased around £2k in total of 3 lots of company shares.

Looking at my account I cannot see any facility to place a stop loss order should I wish to do so in future. I can however see a trading "limit" in the sell page is this "limit" the same as a stop loss and if not, what is it and how does it work?

Hopefully, one of you may have the same/similar account and be able to enlighten me. Thanks in advance.

sabretoothtigger

Limit I think refers to limit profits, the opposite of a stop loss. Sometimes the price will spike briefly and you may wish to sell at that point automatically

Neither is guaranteed to be executed at that price though you might want to argue if they failed to do so reasonably.

tradetime

Luckymonkey wrote: »

Hiya

I`m a bit new to trading and I would like to know a little bit of info from you guys please. I have just opened an hsbc investdirect trading account and purchased around £2k in total of 3 lots of company shares.

Looking at my account I cannot see any facility to place a stop loss order should I wish to do so in future. I can however see a trading "limit" in the sell page is this "limit" the same as a stop loss and if not, what is it and how does it work?

Hopefully, one of you may have the same/similar account and be able to enlighten me. Thanks in advance.

Not familiar with your trading setup, but a "Limit order" is an order set to activate at a specific price or better.
They are generally used to enter the market, but can be used to close out at a profit.

Having just re-read your post, in that situation you would use a limit order as Sabretoothtigger said, to take a profit. If you bought XYZ stock at £1.50 and you thought it would top out just above £2 you might set a sell limit at £2 it's an instruction to sell the position for £2 or better. The "Limit" refers to the price, it is "limited" in that case to £2 or better.

Luckymonkey

tradetime wrote: »

Having just re-read your post, in that situation you would use a limit order as Sabretoothtigger said, to take a profit. If you bought XYZ stock at £1.50 and you thought it would top out just above £2 you might set a sell limit at £2 it's an instruction to sell the position for £2 or better. The "Limit" refers to the price, it is "limited" in that case to £2 or better.

Ohhh..this makes a lot of sense now. Always guaranteed a great response from this furom. Thanks Sabretoothtigger & Tradetime:money: