capital gain calcs

MarcoM

Hi, my query relates to deductible costs.
I have had a look at hmrc manuals anc cannot find an answer.

I know broker costs, say for example HL, can be deducted, however how about stamp duty and currency conversion fees. Also in the case of something like CTY, would I be able to deduct their fee on top of the broker's fees?

Many thanks

ColdIron

Certainly stamp duty and transaction fees, not platform fees or fund fees

eskbanker

I don't believe currency conversion costs can be deducted, but both the acquisition and disposal values need to be converted to GBP at the prevailing exchange rate at the time, using a consistent methodology, in order to calculate the gain in £ terms.

MarcoM

ColdIron said:

Certainly stamp duty and transaction fees, not platform fees or fund fees

hi just to clarify, by platform fees you mean HL fees and for fund fees the fee something like CTY would charge?

ColdIron

MarcoM said:

ColdIron said:

Certainly stamp duty and transaction fees, not platform fees or fund fees

hi just to clarify, by platform fees you mean HL fees and for fund fees the fee something like CTY would charge?

For HL I mean the £11.95 transaction fee and not the 0.45% platform fee. For CTY not the OCF

MarcoM

many thanks, one last question, which is the relevant date, the trade date or settle date?

ColdIron

It's the trade date

MarcoM

Sorry to pester again, can the financial transaction charge and transfer stamp fee be deducted?