Capital gains calculation help please

longforgotten

So there is a new rate now 18 % on profit no matter how long shares held for.

My question is if you have bought shares in the same company at different times, what happens when you sell some. Is it last in first out, are they 'pooled' or ......any other permutation.

Help much appreciated

firstinflight

deleted out of date info

longforgotten

So the old rules still apply then

Many thanks

Mr_Taxtastic

No the old rules of share matching do not apply.
I have not looked at the new rules in to much depth as I have to much to do in 2007/08 first so I may not be 100%.
As I have read it, all shares are now pooled so you divide the total cost by the total number of shares to get you base cost per share.

noh

Mr_Taxtastic wrote: »

No the old rules of share matching do not apply.
I have not looked at the new rules in to much depth as I have to much to do in 2007/08 first so I may not be 100%.
As I have read it, all shares are now pooled so you divide the total cost by the total number of shares to get you base cost per share.

Here's a link to HMRC
http://www.hmrc.gov.uk/cgt/faqs-cgt-reform.htm#4

Nigel

firstinflight

ok, didn't realise they'd changed that so drastically this year