Acquisition date for CGT purposes

aroominyork

How do I show date of acquisition for CGT purposes on a self-assessment when I have more than one sale/purchase, please?

Example 1:

1000 units bought on 1/1/2022

500 units bought on 1/2/2022

750 units sold on 1/1/2024

750 units sold on 1/2/2024

What is the acquisition date for each sale?

Example 2:

1000 units bought on 1/1/2022

500 units bought on 1/2/2022

1200 units sold on 1/1/2024

300 units sold on 1/2/2024

What is the acquisition date for each sale?

eskbanker

If the units are all of the same share or fund, then you need to track the acquisition prices and pool the purchases together to generate a weighted average - the acquisition date as such isn't particularly significant?

Bookworm105

read the rules re section 104 pools and CGT
CG51550 - Share identification rules for capital gains tax from 6.4.2008: outline - HMRC internal manual - GOV.UK (www.gov.uk)
CG51555 - Share identification rules for capital gains tax from 6.4.2008: identifying disposals - HMRC internal manual - GOV.UK (www.gov.uk)

i note your examples appear to have 30 day gaps so I assume you appreciate bed and breakfasting....

aroominyork

eskbanker said:

If the units are all of the same share or fund, then you need to track the acquisition prices and pool the purchases together to generate a weighted average - the acquisition date as such isn't particularly significant?

Thank you - that's what I need to know.

Bookworm105 said:

i note your examples appear to have 30 day gaps so I assume you appreciate bed and breakfasting....

Yes, fully aware but those dates were random.