Calculating Capital Gains Tax Due on Account with hundreds of buys. 7 March at 3:02PM in Cutting tax 1 reply 102 views

znm6mfg7

I have an online share account which was purchasing shares every month for several decades, so there have been hundreds of buys throughout that time.

For the first time I am going to sell some, but not all of the shares.

When calculating the cost of the shares, is it permissible to use the average cost of all the shares that I have bought. ?

Also, do I need to do a HMRC return even if the profit figure is below the threshold ?

purdyoaten2

I think that you need to read this as a starting point.

https://www.gov.uk/government/publications/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet/hs284-shares-and-capital-gains-tax-2019