We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Section 104 holding for CGT
Options

frosty77
Posts: 10 Forumite

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
0
Comments
-
You go across platforms, HMRC don't care where it's heldIf it was per platform people could manipulate their positions to misrepresent their true situation1
-
ColdIron said:You go across platforms, HMRC don't care where it's heldIf it was per platform people could manipulate their positions to misrepresent their true situation0
-
Not to my knowledge, many wouldn't know your book cost anyway (transfers etc)
1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards