Share Dealing Discussion Area

adambro

bockster wrote: »

so, are we able to deduct all charges relating to sharedealing in that tax year from the profits made and then see if we are above or below 9.6k?

and, if above 9.6k, are we charged cgt on the whole lot or just anything above?

Your fees and stamp duty etc don't count. If your gains for the year are below 9.6k then you pay nothing. If you gains for the year are above you pay 40% of anything above 9.6k, not your total gains.

bockster

adambro wrote: »

Your fees and stamp duty etc don't count. If your gains for the year are below 9.6k then you pay nothing. If you gains for the year are above you pay 40% of anything above 9.6k, not your total gains.

thought so, thanks for the conformation.

here's hoping i get somewhere close to 9.6k:beer:

tradetime

Current Capital gains, the percentages you guys are talking about are outdated, costs of trading such as commisions would be deducted afaik

bockster

tradetime wrote: »

Current Capital gains, the percentages you guys are talking about are outdated, costs of trading such as commisions would be deducted afaik

so, i'm seeing 18%??

adambro

bockster wrote: »

so, i'm seeing 18%??

Yes, sorry, it is 18%. It changed last April.

tradetime

bockster wrote: »

so, i'm seeing 18%??

That is correct, CGT was reduced last April.

uk_steve

Thats not bad then really 18% CGT, so far i am doing well on my purchases minus blah blah blah he!he!:rotfl: oh well i am sure as time goes by i get the right 1s... i am doing pots of 1 to 2k over a board of diffrent sectors

share dealings just seemed like the next thing for me to do
with the view some will do well and some will not
(good or bad idea? is anybodys guess ) plus i allways wanted to try it:p


away from my new share dealing experience

I have money in my main residence property also btl house and a small flat
(l have no big mortgages to worry about only the small flat )

i have money in savings and cash isa's
(shame the intrest is very weak)

i just hope i spreaded my money well and earns well in the future when i am an old man

bockster

hi there,
tried opening a hoodless brennan account over the weekend, but its still not happenened, they say they've had probs with the systems! haven't they allways! anyway got the hump with them now, so looking at the share centre, share account, without trader option.
anyone think this would be a good option for beginer, starting with less than £1000ish, perhaps couple of trades per month.

i think on price it stacks up, but looking for opinions on ease of use etc.
and, if i'm correct, is hoodless brennan instant transactions whereas others may not be, and if this one isn't, how long is the delay? and will it be of any significance?

thanks in advance
bockster.

hallewell

Hi
I'm new to this so be gentle everone
Looking to buy shares, am new to this as well, the bank shares look a good price at the moment or is that just wishful thinking. Would like to buy RBOS
anyone give me good reasons to buy or not to buy at present.
Thanks.

sabretoothtigger

If you cant come up with your own reasons then dont buy