CALCULATING GAINS ON SHARES FOR CGT PURPOSES

NOREALNAME12

NAME                     PRUDENTIAL PLC

QTY     1000

PER SHR      6.4426

PAID        6,442.60

BROK 8.00

STAMP     32.21

PTM         NET              6482.81

PRUDENTIAL PLC

1500

7.201683

10,802.52

11.00

54.01

1.00

10868.53

AND SOLD THE SHARES AT

PRUDENTIAL PLC

2500

7.214902

18037.26

11.00

1.00

18025.26

I BOUGHT AND SOLD THE SHARES AND WANT TO WORK OUT THE GAIN FOR TAXES.
 
HOW DO I CALCULATE THE GAIN AND WHAT DO I DO WITH THE PTM CHRGS FOR CALCULAION PURPOSES( IE HOW DOES IT FIGURE IF AT ALL)..

THIS IS FIRST TIME FOR ME REGARDING CALCULATING GAIN FOR HMRC.
ANY HELP WOULD BE APPRIECIATED.
THANKS.

wmb194

NOREALNAME12 said:

NAME                     PRUDENTIAL PLC

QTY     1000

PER SHR      6.4426

PAID        6,442.60

BROK 8.00

STAMP     32.21

PTM         NET              6482.81

PRUDENTIAL PLC

1500

7.201683

10,802.52

11.00

54.01

1.00

10868.53

AND SOLD THE SHARES AT

PRUDENTIAL PLC

2500

7.214902

18037.26

11.00

1.00

18025.26

I BOUGHT AND SOLD THE SHARES AND WANT TO WORK OUT THE GAIN FOR TAXES.
 
HOW DO I CALCULATE THE GAIN AND WHAT DO I DO WITH THE PTM CHRGS FOR CALCULAION PURPOSES( IE HOW DOES IT FIGURE IF AT ALL)..

THIS IS FIRST TIME FOR ME REGARDING CALCULATING GAIN FOR HMRC.
ANY HELP WOULD BE APPRIECIATED.
THANKS.

WHY ARE YOU SHOUTING?

It's easy, £18,025.26 - £17,351.34 = £673.92 

The PTM levy is a cost directly related to the trade so include it.

El_Torro

If this is your only Capital Gain for the given tax year then you won't be paying any Capital Gains Tax on this sale. You have a £3,000 annual allowance for Capital Gains. 

NOREALNAME12

It's easy, £18,025.26 - £17,351.34 = £673.92 
The first sum you have taken the NET total( costs removed understand that) 18025.26

The second part you have left the costs on 17351.34 rather than 17245.12

Is that right?

if so why leave the costs on???
Ta

eskbanker

NOREALNAME12 said:

It's easy, £18,025.26 - £17,351.34 = £673.92 
The first sum you have taken the NET total( costs removed understand that) 18025.26

The second part you have left the costs on 17351.34 rather than 17245.12

Is that right?

if so why leave the costs on???
Ta

The principle is that you're deducting costs from your gross gain to give the net figure, so you add them to the purchase cost and deduct them from the sale value.

ColdIron

NOREALNAME12 said:

It's easy, £18,025.26 - £17,351.34 = £673.92 
The first sum you have taken the NET total( costs removed understand that) 18025.26

The second part you have left the costs on 17351.34 rather than 17245.12

Is that right?

if so why leave the costs on???

It would be grossly unfair to apply capital gains tax on something that was a cost to you and not a gain

Think about it, imagine the broker fee was 3 * £100 (2 purchases and 1 sale) why should you pay tax on that £300 the platform charged you?

NOREALNAME12

Let me get this right 
Sold 2500 shares 18025.26 after costs deducted
paid                       17351.34 with costs
Is this gain ?         673.92 

       

NOREALNAME12

Many thanks for your replies, they have helped a lot. Understand the calculation for the gain.