Share Name Share Symbol Market Type Share ISIN Share Description
Capital Gearing Trust Plc 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
  +10.00p +0.23% 4,300.00p 4,290.00p 4,320.00p 4,300.00p 4,290.00p 4,290.00p 7,038 15:16:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 4.7 3.7 51.1 84.1 430

Capital Gearing Share Discussion Threads

Showing 8126 to 8147 of 8275 messages
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20:45 seems to be working ok now.
Anyone know why the cgt calculator on: is no longer working?
thanks Gengulphus.. Converting the data from cgt to stonebanks works fine and the new format comes out but after that i enter the converted data into item 2 (assuming that's what i need to do?) No relevant data seems to come out & Java is enabled.. Does anyone know how to use Stonebanks with converted data from cgt cal? I'm assuming stonebanks is working?
yes yes
yes yes, doesn't appear to be working,hopefully this is a temporary blip but is there a way of quickly transfering the data from cgt calculator to stonebanks? Yes, there appears to be a way to transfer the data - see items 5 & 6 on (and item 4 if you want to move data the other way). Can't guarantee "quickly" or anything else about how well it does the job - I've never used it, I simply remembered having see something along those lines years ago and so took a look. Gengulphus
Having same problem. Was working ok last night.
doesn't appear to be working,hopefully this is a temporary blip but is there a way of quickly transfering the data from cgt calculator to stonebanks?
yes yes
Is anybody else having problems with the cgtcalculator in the header? I get the following error. thanks. HTTP Error 500.19 - Internal Server Error
THanks for your replies
amalanchier3, Good point about the possibility of the issuing country being the UK - I'll edit in a mention of that point. As to which UK coins that applies to, you're probably right but I've no personal knowledge about it, so I'll leave you/others to give answers on that point. Gengulphus
Hi Gengulphus My understanding is that Sovereigns and Britannias are legal tender in the UK and are therefore free of UK CGT. A
asif12, I've no experience of buying and selling gold, of dealing with tax on anyone else's dealings in gold, or of using BullionVault, so the following is only my best guesses based on general knowledge of CGT. I know of no reason why CGT should treat gold specially, and a quick look through likely sections of HMRC's Capital Gains manual didn't reveal one. So I think that normal CGT rules would apply. They would indicate that if what you own is one or more specific pieces of gold, each one of them possibly jointly with other people, then after any one of them is sold, you (and its co-owners if any) would need to determine the gain or loss on that specific item - what it was sold for minus that specific item's acquisition cost (i.e. what it was bought for) and all of its other allowable costs. Also, the chattels exemption might apply, or if the physical objects are coins that are currently legal tender in the country that issued them, they would be treated as foreign currency or (edit) as UK currency (which is exempt from CGT) if the issuing country is the UK. If on the other hand what you own is "X grams of gold held with BullionVault", with nothing linking that to ownership of specific physical items, then I suspect that technically, you don't own physical gold at all, but rather derivative securities entitling you to receive the market value of grams of physical gold held by BullionVault (or their custodian). And unless those securities have serial numbers or something similar that allows you to distinguish one of them from another and track their ownership individually, the share identification rules should apply to calculating gains/losses on them when they are sold. But as I said above, this is all guesswork - hopefully, informed guesswork, but guesswork nevertheless... Gengulphus
Hi, Does anyone know the tax liabilities of buying and selling gold using BullionVault?
Thank you very much. I shall follow your links and digest it all. I'll also have to look further into the IHT aspect of the second question.
would be very grateful if someone can tell me what forms need to filled in for our SAR when disposing of overseas shares,in Particular the TSX and ASX (not the usa). Thanks in advance
who r u who r u
Dropped by 4% on 15th Sept. but partially recovered since. Quite unusual as normally not volatile. Maybe net asset value affected by drop in U.S. bonds.
I think the chart's adrift. Quote is 3875 - 3909 and trades in recent days haven't been as low as 3800.
Any idea what caused the share price drop, surely can't be the modest share issue?
Gengulphus, thank you, guess I'll give it a go and find out :)
My basic question is, would this 4x rule still apply if I was trading within a Share Dealing ISA? I'm pretty certain the answer is simply no: everything that happens inside an ISA is completely 'invisible' to CGT. The only sort-of-exceptions are when assets (other than sterling cash!) are transferred between an ISA and non-tax-sheltered ownership. But those are half 'inside' and half 'outside' the ISA, and it's only the 'outside' part that's 'visible'. E.g. if one withdraws shares from an ISA, then as far as CGT is concerned, the shares appear out of thin air - and they need a base value for subsequent CGT purposes. That value is their market value on the day of withdrawal, and the ISA manager is supposed to tell the client what it is. Gengulphus
Gengulphus, I'd very much appreciate your opinion regarding the following please: This last year or two my Disposals have been in excess of 100k which meant that I was required to inform the Tax office, even though I'd not made a profit that exceeded the annual CGT amount. The reason, as explained by the tax office was that my disposals were more than four times greater than the annual CGT amount for an indiviual. My basic question is, would this 4x rule still apply if I was trading within a Share Dealing ISA?
Extrader, The main questions facing you are: * Which residences do you have? Residences are places where you live (in the everyday sense of the word - you certainly can't make a property your residence just by camping out there for one night) and have some sort of ownership rights. From what you say, the holiday home in Europe is a residence of yours, and the rental property in the UK may well be one as well - basically, being rented under a tenancy gives enough ownership rights. * If you have more than one residence, have you written to the taxman nominating one of those properties as your main residence since the last time your set of residences changed? (which I'd guess will be a divorce-related time, namely when you moved out of the marital home and into the rented property). * If you have sent such a nomination to the taxman, was it within 2 years after that time? If so, the property you nominated (presumably the holiday home) is the one that you can get private residence relief on. Or if it's still less than 2 years since that time, write such a nomination and send it to the taxman now in order to get yourself into that position! * If it's more than 2 years since the last time your set of residences changed and you haven't sent such a nomination to the taxman, which is your main residence would normally be determined on the facts. There's not really enough detail in your posts for me to have any real idea whether the facts would support the holiday home or the rented property being your main residence, but in general, I would expect things like time spent in the two properties, which address you use as your main contact address (for banks, utilities, HMRC, etc) and other facts that indicate you're living at the property rather than just staying there to contribute. * However, what I say in that last point does include the word "normally", and there is an Extra-Statutory Concession (i.e. an exception to the normal rules) that may well apply here. It's described in, and your case seems to match it quite well. So you may well still be able to make a nomination of the holiday property as your main residence even if the normal 2-year time limit has expired. The other thing to note is that, assuming you can nominate the holiday home as your main residence (either normally or via ESC/D21) or that the facts show it is your main residence anyway, that only says that it's been your main residence since your set of residences last changed. Your main residence before that needs to be determined similarly, and if for example you previously had the marital home and the holiday home as residences and didn't nominate one of them as you and your wife's main residence (a married couple can only have one main residence between them), it may well be that that facts show that the marital home was previously your main residence. So it might well be that the holiday home ends up being counted as your main residence for the last part of your total period of ownership and not for an earlier part. In that case, the basic principle is that only a fraction (total length of time as main residence)/(total length of time owned) of the gain gets private residence relief - there might be some adjustments to that, but the ones I can think of offhand probably don't apply. The divorce might also involve some complications to do with shared ownership of the holiday home beforehand and sole ownership afterwards. I suspect not, but I don't know enough about how CGT interacts with divorce arrangements to know for certain, so all I can do is raise it as a possible issue, not resolve it. Finally, as far as chapter and verse is concerned, I could give you a whole lot of links to HMRC's Capital Gains Manual - but you've already seen that, so it would largely be a waste of time. I have given the link about ESC/D21 because it may well be a crucial point, and is easily overlooked as apparently highly-technical material - and I am willing to try to provide "chapter and verse" links about any other specific points that you have trouble with. But not about everything to do with private residence relief that might possibly have something to do with your situation! Gengulphus
Gengulphus Re CGT . Thank you.
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