How do I value old 25p Lloyds shares to determine if I have a cgt liability

Duracell67

Hi. I have 2 questions. 1. How do I value old 25p ordinary shares in Lloyds now that they have a nominal value of 10p. ie the share price today is £1.09 but presumably I don't just multiple that by the number of shares I have like I have been doing with the 10p ones I hold or do I? I'm trying to determine if I have a gain or loss for each certificate I have. 2. How do I find out the share price when shares were bought without any paperwork and I just have the share certificate. Some of these were share option purchases I think and the rest are dividend certificates. Any help and advice gratefully received. Thank you.

On-the-coast

what’s the total value of your shares?

if it’s less than the CGT threshold of £3000 then you could just sell them and forget about calculations

If you’re married and have no other capital gains this tax year or next you could dispose of 4 x 3000 of shares tax free between now and the end of April

The nominal value (25p) of the share is irrelevant btw

if the disposal is larger than your tax free CGT amounts then you’re going to have to look up dates and share values on those dates to calculate the gain

Snot

Could the 25p certificates be prior to the mergers with TSB and Halifax Bank of Scotland, best to contact the registrar - Equiniti who will be able to clarify.

phlebas192

https://forums.moneysavingexpert.com/discussion/6653950/how-do-i-value-old-25p-lloyds-shares-to-determine-if-i-have-a-cgt-liability

I believe that the 25p ordinary shares were converted into the same number of the 10p ones and no new certificates were issued so they rank the same as the later 10p shares.

I'm trying to determine if I have a gain or loss for each certificate I have

Note that if you are thinking of selling any of your shares, the capital gain is based on the average cost of all of the shares you hold so there is no reason to calculate a gan or loss for individual shares or certificates.

A couple of links that might help you with historic prices:

Llyods / HBOS Share history

Historic share prices

Duracell67

https://forums.moneysavingexpert.com/discussion/comment/81871232#Comment_81871232

Thank you. I have 10,000 shares and was thinking of gifting some to my husband which I think will, as you say, mean we avoid cgt. I think there is a loss on the older ones too which will also help although I am guessing I would have to prove that on my tax return.

Duracell67

https://forums.moneysavingexpert.com/discussion/comment/81871342#Comment_81871342

Yes they are. I have looked at my Equiniti account and have found all the certificates so i am happy I have all of them. Equiniti also list most of the dividends so i have got the purchase price now but sadly not the earlier ones. I'll contact them I think for more information.

Duracell67

that's really useful thank you.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81871665#Comment_81871665

Gifting some of them to your husband allows use of both of your CGT allowances, but, just to reiterate what's said earlier, there isn't a concept of "a loss on the older ones" as such when considering CGT - they're all pooled together for these purposes in order to derive an average acquisition cost for all of them.

Duracell67

https://forums.moneysavingexpert.com/discussion/comment/81871695#Comment_81871695

ah ok. how do I establish an average acquisition cost?

Duracell67

https://forums.moneysavingexpert.com/discussion/comment/81871779#Comment_81871779

I've just looked at the gov website and think I understand how to do this now. However I believe I will still need to know the price I bought the shares at in the past which hopefully I can do using the links above. How accurate does it need to be - I obviously know the certificate date but not the settlement date - is that ok to use?

FrugaiMacDugal

https://forums.moneysavingexpert.com/discussion/comment/81871779#Comment_81871779

Total cost divided by number of shares.