Immupharma Share Discussion Threads

[obiterdicta] 23/2/2018 13:18

lodgeview - you could do but technically the name on the isa will own the shares and hmrc would not be that pleased with a sham arrangement.

OD

[arcadian] 23/2/2018 13:18

Get Married

[lodgeview] 23/2/2018 13:16

Some very informative posts. Many thanks all. Could I not simply open an ISA account in somebody else's name and transfer my cash in and buy the IMM shares? It's just the timing of results which is causing havoc. If results were going to be in mid April say I could have used next year's ISA allowance.

[tosh 123] 23/2/2018 13:11

Lodgeview,
alternatively open a SIPP before year end ( and trial results ) and transfer / sell them into there... from memory you can put up to £40k a year into a SIPP ( Self Investment Pension Plan ).
This another CGT free vehicle.
You can buy and sell at will within a SIPP ( provided you meet the providers KYC criteria ) the only real downside to a SIPP vs an ISA, is that you cant get your money out of a SIPP until you're 55, and even then, only the first 25% of your entire pension pot is tax free as a lump sum, the rest will be treated as taxable income at your basic rate of tax... eg ;- if you had a SIPP with £400k in it at age 55, you could draw £100k without any tax. That would leave you with £300k in your pension, that you could draw down at say £15k a year, but that additional £15k a year would be treated an income, so would be taxable at your standard rate ( minus your yearly tax free income allowance )... I hope that makes sense.

[money maker1] 23/2/2018 13:09

Its not bed and breakfast if you sell from an ISA and rebuy in a normal account not shielded from tax liabilities because you were not crystalising a loss or gain for tax purposes when you sold.

B&B relates to the old system outside ISA's (or their predecessors PEP's) where you could sell and repurchase the next day in order to crystalise a tax loss or gain. The one day was subsequently extended to one month, and if you now sell and repurchase within one month the repurchase price for tax purposes is counted as the original price at which you bought them, so you could increase your tax liability. You also have to apply an adjustment factor for time and your costs (broker commissions) are tax deductable.

You could open a SIPP to which the government would add a tax credit at your marginal rate to each contriibution you make up to your annual limit.

[flavio_monteiro] 23/2/2018 13:08

No Lodgeview, you only have a set allowance each year, but you can roll up previous years losses. You could also open a spread bet on IMM, no capital gains.

[mingbat] 23/2/2018 13:07

No, the annual exemption is per year. It can't be rolled-up. Would be nice if it could, but then hardly anyone would pay any CGT, so the Treasury wouldn't like it.

[crapcrap] 23/2/2018 13:05

lodge, just don't tell her

[chalky230] 23/2/2018 13:03

Lodgeview

I did look at this yesterday , i ended up selling some of my other shares in the ISA and buying more IMM so i only have IMM share in my ISA, and and have re purchased the other shares again back in normal account .... I Think they call this bed and breakfasting

you could also do the same on 5th April , but imm shares may have risen considerably , but you can still get them in there

[lodgeview] 23/2/2018 13:03

Can you rollover the CGT allowance from years gone by? I haven't used this up in the past few years.

[hashertu] 23/2/2018 12:57

I am in the camp that thinks the results of Phase III will be favourable.
In which case, I believe there would be a significant share price rerating, and that this will occur before the next tax year.
The only thing I could do, while waiting, was try to mitigate my tax bill.
So, I have sold my holding of IMM, and will deal with the CGT in this tax year.
Then I have sold stock in an ISA to generate cash with which to buy the IMM back, but within the tax free wrapper.
So, financially I will be no worse off, whatever the outcome of Ph III. If bad, I cannot use a tax loss. If good, I will smile.

[che7win] 23/2/2018 12:56

Abbot,
IQE is nothing like IMM accept for the shorters recently.

Why tell us about a stock after 30% rise? I think IQE is highly rated for an historically low margin business, Apple as a customer is a mixed blessing

[bluerunner] 23/2/2018 12:54

Lodgeview - one way to avoid CGT is to get a loan off Wonga or QuickQuid (both have competitive rates and should be right up your street) then invest in betting of any description.

[abbotslynn] 23/2/2018 12:48

Some here might like a look at IQE,its a similar type of share in many ways.

[teddy boy1] 23/2/2018 12:46

CGT. A nice problem to have.!

[abbotslynn] 23/2/2018 12:46

Don't sell them all at once,stagger selling them over the following years at even more profit.

[teddy boy1] 23/2/2018 12:46

CGT. A nice problem to have.!

[roundup] 23/2/2018 12:39

I do like the sound of this--worrying about CGT. Things are definitely looking up. I hope this will be a massive problem for us all.

[crapcrap] 23/2/2018 12:38

lodge. put some in your mistresses name!

[lodgeview] 23/2/2018 12:36

Thank you Mingbat. Very informative post sir!

[lodgeview] 23/2/2018 12:33

*hold not told

[lodgeview] 23/2/2018 12:32

Thanks OD. So if I told these into next year and decided to sell I could use the upper CGT limit for this year and the upper CGT limit for next year too?

[mingbat] 23/2/2018 12:32

You're only subject to CGT when you sell the shares (or transfer them to your partner). Bear in mind you get an £11,300 annual exemption so you only start to pay tax on gains above this level - and you can also offset any realised capital losses either in the same year, or brought forward. If IMM comes good, you can simply retain the shares not in your ISA and sell a proportion annually to keep within the exemption and/or use up losses.

The shares in your ISA are not subject to income tax or CGT.

You could transfer shares to your partner so she gets to use her annual exemption /losses, but as you aren't married this will be treated as a disposal at market value, and therefore better to consider this before results day, otherwise you'll just trigger a gain for yourself if the shares have increased in value with no cash received to pay the tax on it.

Not much point transferring the shares if she wants them all in an ISA, however, as you might as well sell them and gift her the cash.

NB (Beware Inheritance Tax considerations on any gift - see consulting a tax adviser below)

I cannot stress this next bit strongly enough. If this is potentially going to be an issue - speak to a qualified tax adviser and get proper advice before doing anything.