Filling in Scottish Widow Transfer Form A

joeypesci · 20 June at 1:58PM

So got my Scottish Widow account setup and talked to one of their agents via the web chat who was really helpful.

I've filled out the Crest Form. Now doing their Transfer Form A.

But it asks for Book Cost.

"please enter the original total amount you paid for your investment"

But it was way back in 2010 so I don't remember. Was probably about £500 as that was all I was willing to risk back then. Can you leave it blank?

masonic · 20 June at 2:19PM

Is this for an ISA or SIPP? If so, then it is fairly irrelevant and the book cost is just used to show your gain or loss based on the current valuation.

If it is for a general investment account, then you will obviously need to know this for capital gains tax calculations, but it isn't imperative you provide the correct figure here, just as long as you don't later use the figure from the platform in your calculations.

joeypesci · 20 June at 2:45PM

It was just a young me, always wanting to buy shares so grabbed £500 worth back in 2010. But instead of being digital they sent me the share certificate. So I want to now sell them, so had to open the Scottish Widow share dealing account, so the certificate goes to them and then gets put into my account so I can sell them.

I guess it will just be £500 that I put down as that was roughly what I spent.

masonic · 20 June at 4:04PM

If you just intend to sell them then the £500 estimate will be just fine.

If they are now worth £3.5k (or you dispose of other shares in the same tax year), then likely you will have capital gains tax to pay and HMRC will need to see your workings.

DId you not receive a contract note along with the share certificate?