CGT

Alice1988

When looking to sell an investment do I add the unrealised and realised gains together to get the total gain? Or just look at the unrealised gain section of the report?

ColdIron

Neither

Capital Gains Tax is levied on your profit when you sell (dispose) all or part of an investment. Before you sell you just have a paper (unrealised) gain (or loss)

If you bought £1,000 of shares and it became £2,000:

If you sell all of it your (realised) gain is £1,000 and that's what you report and are liable to tax on

If you sell 3/4 of it your (realised) gain is £750 which you should declare. The remainder is just a paper (unrealised) gain (or loss) and will fluctuate in value until you subsequently sell it so it should not be declared until then

nottsphil

Are unrealised gains ever of any interest to HMRC outside of death duties/inheritance taxes?

EthicsGradient

nottsphil said:

Are un/realised gains ever of any interest to HMRC outside of death duties/inheritance taxes?

How much work is that "/" doing? Do you just mean "unrealised", or "unrealised and realised", or something else?

eskbanker

nottsphil said:

Are un/realised gains ever of any interest to HMRC outside of death duties/inheritance taxes?

Gains aren't relevant to those calculations and only trigger CGT if/when realised.

Linton

nottsphil said:

Are un/realised gains ever of any interest to HMRC outside of death duties/inheritance taxes?

IHT is only concerned about the valuation of assets as at the time of death.  So if the deceased owned an investment worth £2000 at the time of death the fact that it was bought for £500 and sunsequently gained in value by £1500 is totally irrelevent. The only number that matters is the £2000