Section 104 holding for CGT

8 Posts

Hi there,
Quick section for calculating CGT due on funds (unit trust/oeic):
1) If you have a fund X in investment platform A, and that is a all your holding then CGT due using a section 104 holding (if reqd) is simple.
2) If you have a fund X in investment platform A and investment platform B, then when calculating the section 104 holding for CGT purposes do you go across the two platforms, or do you work on a platform by platform basis? I think you should go across platforms but I'm not sure what HMRC would expect. If you get a capital gains report from the platforms obviously its section 104 holding will be calculated on the units purchased on that platform alone as it will not know about holdings elsewhere.
Thanks for your answers,
Richard
Quick section for calculating CGT due on funds (unit trust/oeic):
1) If you have a fund X in investment platform A, and that is a all your holding then CGT due using a section 104 holding (if reqd) is simple.
2) If you have a fund X in investment platform A and investment platform B, then when calculating the section 104 holding for CGT purposes do you go across the two platforms, or do you work on a platform by platform basis? I think you should go across platforms but I'm not sure what HMRC would expect. If you get a capital gains report from the platforms obviously its section 104 holding will be calculated on the units purchased on that platform alone as it will not know about holdings elsewhere.
Thanks for your answers,
Richard
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