help calculating capital gain

MarcoM

Hi,

Having bought and sold (a), and bought sold and bought again (b) shares this financial year I was wondering what is the formula to work out the capital gain for scenario a and b above.

Also how does hmrc treat the same share that has been sold and bought a few times in the same financial year?

thanks

EthicsGradient

Did you, at any point, buy some shares in either (a) or (b) within 30 days of previously selling some shares in the same company (in this financial year, or earlier)? If so, you'll need to take the 30-day rule into account: HS284 Shares and Capital Gains Tax (2021) - GOV.UK (www.gov.uk)

MarcoM

hi for some of the shares i have bought them 3 or 4 times in the same year, twice within the thirty day rule, this is where it gets complicated for me, when does the 30 day rule apply from in this case

EthicsGradient

MarcoM said:

hi for some of the shares i have bought them 3 or 4 times in the same year, twice within the thirty day rule, this is where it gets complicated for me, when does the 30 day rule apply from in this case

If you buy again within 30 days of selling. But you seem to know that, since you've been able to say "twice within the thirty day rule". All I can suggest is follow the rules; you could try finding an online calculator that says it can cope with the UK 30 day rule, but check its calculations.