Share Name Share Symbol Market Type Share ISIN Share Description
Capital Gearing LSE:CGT London Ordinary Share GB0001738615 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3,702.50p 3,685.00p 3,725.00p - - - 822.00 15:59:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.2 0.5 16.9 219.0 144.88

Capital Gearing Share Discussion Threads

Showing 8051 to 8074 of 8075 messages
Chat Pages: 323  322  321  320  319  318  317  316  315  314  313  312  Older
DateSubjectAuthorDiscuss
27/9/2016
22:10
Gengulphus Appreciate what you say. Many thanks for the reply.
seroserio
27/9/2016
09:20
seroserio, Sorry, but I don't do this sort of stuff by private message, email, etc, only on the boards - no exceptions. Nothing personal - I just have limits on how I'm willing to use my time, and this is one of them: I regard time spent on private replies to financial questions as not well spent, because only one person can benefit from them, because any mistakes I make are less likely to be corrected, because others cannot fill in for me if I don't know the answer or am unavailable at the time, and a few other reasons. I will say very briefly that no, I've no real knowledge of the area your question is about, but that in a situation where I'd made a mistake applying for a financial product, I would go to the provider, explain the mistake and ask them for help sorting it out. Honest mistakes that one sorts out as soon as reasonably possible after realising that they've happened generally cause one much less trouble... Gengulphus
gengulphus
23/9/2016
16:55
Gengulphus I've sent you a PM - hope that is OK.
seroserio
27/6/2016
13:55
Hi david. Now working fine. Thanks for checking.
sleveen
24/6/2016
18:05
Works for me - on Opera, Firefox, and Google Chrome. I've got an ancient computer with Windows XP. I do have another machine running Windows 10 - I'll try that if you are continuing to have trouble.
david77
24/6/2016
16:39
Hi david77 I'm using Firefox and just tried to open your CGT calculator unsuccessfully. Are there any issues with Firefox?
sleveen
15/6/2016
18:25
The stonebanks program calculates gains and losses. It does not try to calculate your tax. It has been around for 10 years or more, and HMRC have always accepted my calcs without argument. The stonebanks calculator provides the figures for your SA108 Capital gains summary.
david77
15/6/2016
17:25
Am I right in saying that the present calculators do not calculate the 10%?
mrx9000
14/6/2016
22:17
Thanks Gengulphus.
mrx9000
14/6/2016
20:15
Well, £22,200 worth of shares for £11,100 return of capital and £11,100 capital gain, since the CGT allowance is £11,100 this year. But you've got the principle right! By the way, I'm not qualified to give advice either. I've a good amount of experience about CGT and am pretty certain of my facts on this one, but I am nevertheless a layman with no formal qualifications with regard to taxation. And yes, the changes in https://www.gov.uk/government/publications/changes-to-capital-gains-tax-rates/changes-to-capital-gains-tax-rates are in effect with regard to gains currently being realised - as it says itself, "This measure will have effect for relevant gains accruing on or after 6 April 2016." It's not in effect for any tax return you might be filling in right now, since that would be a tax return for the 2015/2016 tax year, and gains realised in that tax year will have been realised on or before 5 April 2016. Gengulphus
gengulphus
14/6/2016
18:16
I think that you could sell £22,000 worth of shares = £11,000 return of capital + £11,000 of gain. But I am not qualified to give advice. Wait to see what Gengulphus says.
david77
14/6/2016
16:53
Ok, thanks but say I have one position bought for £100,000 which has doubled to £200,000. How much of that could I sell before incurring CGT? Also am I right in saying that these new rates are now in force https://www.gov.uk/government/publications/changes-to-capital-gains-tax-rates/changes-to-capital-gains-tax-rates so 10% and 20% rates?
mrx9000
14/6/2016
16:43
The CGT calculator should now work on stonebanks.co.uk There are later bits that don't work but there are only there 'cos it doesn't cost me any more if I add bits.
david77
14/6/2016
16:10
mrx9000, If for example I have £100,000 in a trading account (non isa/sipp) and that £100,000 increases to £200,000. I am right in saying that I can take out my initial investment plus the CGT allowance within the tax year e.g. £111,100 (£100,000 initial + £11, 100 CGT allowance) without incurring CGT. Not in general, but you might be able to in some rare circumstances. It depends on how the individual shareholdings have done: CGT is assessed on realised gains and losses, and all realised gains and losses are calculated on individual shareholdings when you sell them, not on account totals. ("Realised" not in the "understood" sense, but the "made real" sense, i.e. no longer a gain or loss that can only be calculated from what you could sell the shares for, but one that can be calculated from what you have sold the shares for.) For example, suppose you put £11,100 into each of 9 different shareholdings, leaving £100 change, and those shareholdings have each doubled in price to £22,200 - except that one of them has done slightly better to now be worth £22,300 - so your account is now worth £22,300 + 8*£22,200 + £100 = £200,000. If you sell any one of the £22,200 holdings, that sale will realise a gain of £22,200 - £11,100 = £11,100, using up your entire CGT allowance. If you sell the holding worth £22,300, you will realise a slightly larger gain of £11,200 and so have to pay CGT on it. The most you'll be able to withdraw from the account by selling and withdrawing cash, without incurring CGT, is £22,300, by selling one of the £22,200 holdings and withdrawing the sales proceeds plus the £100 cash left in the account. (Note that for the sake of simplicity, I'm ignoring trading costs in these examples - in reality, they would have to be taken into account as well and would slightly modify the results.) On the other hand, suppose that you still put £11,100 into each of 9 different shareholdings, leaving £100 change - but seven of them are still only worth £11,100, one is worth £22,200, and the last one is worth £100,000, so your account is worth 7*£11,100 + £22,200 + £100,000 + £100 = £200,000. This time, you can sell all seven of the £11,100 holdings (realising a gain of £0 each time) and the £22,200 holding (realising a gain of £11,100) while staying within the CGT allowance, and so you can potentially withdraw 7*£11,100 + £22,200 + £100 = £100,000 without incurring CGT. The common feature of those two scenarios is that you're left with a holding or holdings with unrealised gains of £88,900 on them: in the first case, it's eight holdings bought for £11,100 each and now worth £22,200 each except that one is worth £22,300; in the second case, it's a single holding bought for £11,100 and now worth £100,000. To be able to withdraw £111,100 without incurring CGT from an account worth £200,000, you would have to left with a holding or holdings worth the remaining £88,900, and the unrealised gains on them would still have to total £88,900 - so they would have to have been bought for £0, or at least count as having been bought for £0 for CGT purposes. That can happen - but it does require some rather special circumstances to make it happen, so is pretty unlikely! Gengulphus
gengulphus
14/6/2016
13:43
mrx9000, the gains are incurred when you sell the shares and any CGT due on gains in tax year >£11.1k has to be paid by Jan 31 following end of tax year in which gains were incurred. The matter of whether the funds remain in your trading account or are withdrawn has no impact on the amount of tax due and the date when it has to be paid.
m_k_hubbert
14/6/2016
13:36
A capital gains tax question for shares outside isa/sipp. If for example I have £100,000 in a trading account (non isa/sipp) and that £100,000 increases to £200,000. I am right in saying that I can take out my initial investment plus the CGT allowance within the tax year e.g. £111,100 (£100,000 initial + £11, 100 CGT allowance) without incurring CGT.
mrx9000
14/6/2016
11:58
Investoree - no apologies needed, as IMHO you weren't disruptive, sarcastic or offensive. I just foresaw the possibility that people might respond in a way that would be more disruptive than necessary, so acted to (hopefully!) head that possibility off. Gengulphus
gengulphus
13/6/2016
18:30
Gengulphus - please accept my apologies for any disruption I have caused to your excellent thread. I appreciate the time you and others take to provide advice and assistance to those of us that are less knowledgeable and need guidance. Should you feel that my post was sarcastic or dismissive in any way I can only apologize once again as that was not what my ramblings intended. Kind regards IE
investoree
13/6/2016
18:22
sleveen - soon - I hope tomorrow
david77
13/6/2016
10:58
david thanks for your post 901, I tried to get on to stonebanks yesterday and it was "server not found"
sleveen
13/6/2016
06:34
Investoree - I agree with much of what you say (and all or almost all of the rest is just stuff I cannot either agree or disagree on, due to lack of relevant experience). My own pet hate is dated letters from HMRC that arrive weeks after the date they say they were sent - which happens far too frequently compared with anyone else who writes to me to be occasional "letter got lost in the system" delays. Either HMRC's own systems have ridiculous delays between writing the letters and getting them printed and posted, or they're outsourcing some part of the process to an ultra-cheap "we'll get around to it when we've nothing else to do" supplier... However, the purpose of this thread is to provide practical help with CGT issues, and providing the link was the only such help I could think of! And while I don't mind the occasional digression into related issues such as the deficiencies of HMRC that you've described and I've added a bit about, I suspect a lot of people would feel they have something to say about them, to the point that they could easily swamp the practical-help aspect of the board... So if people want to discuss such issues, could I suggest setting up a separate thread for them, please? And if anyone does set up such a thread, please do post a link to it here so that people know about it. That includes me, by the way - I'll almost certainly read such a thread and possibly occasionally contribute to it, it's just that I don't want such discussion to make me miss something on this board. Nor do I want the possibility that it will drive away posters who are willing to provide practical help about CGT, but only have very limited time available to do so. Gengulphus
gengulphus
11/6/2016
10:10
Gengulphus - Thanks very much for the link I am protesting that as a matter of principle if it is my legal obligation to provide the CGT information to HMRC then they should provide me with the correct form to complete (especially when the SA108 form has been requested on at least 15 different occasions). Over the years I have had numerous dealings with local HMRC tax offices which have now all closed for unusual and sometimes complex inquiries which with the exception of one Buy-to-let inquiry didn't necessitate the intervention of an accountant. It used to be comparatively simple to visit the local tax office for information, missing documentation and to hand in our tax forms rather than risk having them go astray in the post (as much of our mail has done over the years). On several occasions they arranged appointments with specialist tax officers at the tax office when our inquiries could not be answered by their staff or by using one of their telephones which unlike our calls were normally answered very promptly. Now any inquiries are solely confined to either trying to make telephone contact or written correspondence with HMRC which normally takes them several months to write back, or they don't answer the phone for extended periods. Sometimes having answered the phone they can't provide the information requested because one of one of their systems has fallen over, or they are unable to transfer you to the correct department to answer the query. Most recently when a timed appointment for the specialist HMRC tax officer to telephone me back was made for 3.30pm the pleasant lady who phoned me back telephoned at 9am instead of keeping the afternoon appointment. She claimed that they didn't provide time slots to phone back - if the left hand doesn't know what the right hand is doing how on earth are they going to be able to pursue the large corporations who pay little or no corporation tax as they engage in making artificially high inter company loans transferred through various tax havens. HMRC need to dramatically simplify the current unwieldy tax system, perhaps by starting all over again and rewriting it from scratch rather than trying to adapt an antiquated and archaic system which simply makes matters more complex with every change!
investoree
03/6/2016
21:11
Welcome back David ... Have a good rest ad a speedy recovery ... All the best ...
pedr01
03/6/2016
17:08
... and every year I also request that they send me the correct additional CGT summary form (SA108) to complete and every year they fail. Is there some problem about downloading the form from their website and printing a copy yourself? Or do you just need to know where it is? If the latter, any of the last four years' SA108 forms can be downloaded from https://www.gov.uk/government/publications/self-assessment-capital-gains-summary-sa108 . Gengulphus
gengulphus
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