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RRL Range Resources Limited

0.035
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Range Resources Limited LSE:RRL London Ordinary Share AU0000065989 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.035 0.03 0.04 - 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Range Resources Share Discussion Threads

Showing 11151 to 11173 of 86375 messages
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DateSubjectAuthorDiscuss
13/5/2010
12:46
Thanks FD, that seems the most logical way of treating it to me. I have searched for this many times on the hmrc sites and never found it, but I just looked again and of course it jumped out at me this time:

"Giving shares to your spouse or civil partner
You don't pay Capital Gains Tax when you give (or otherwise dispose of) shares, to your husband, wife or civil partner - as long as both of the following apply:

you've lived together for any part of the tax year in which you made the gift

the gift isn't 'trading stock' (trading goods bought for resale)

When your husband, wife or civil partner later sells or disposes of the shares, they may have to pay Capital Gains Tax. It's useful to keep a note of what the shares cost you, as your spouse or civil partner may need this to work out their Capital Gains Tax when they dispose of them."



(not quite sure what that second condition about it not being "trading stock" means, how they would classify that)

nearlycertain
13/5/2010
12:41
OT.
CGT. Back in 06/07 I was up over £60K on one share. Up approx £35K on another within one year of buying both. Greed took over as I did not want to pay 40% CGT. My wife told me to sell. I did not listen. Both shares ended up below 10p. I just managed to get my money back on the £60K one but lost most on the £35K one. Greed and fffing greed & the 40% CGT were my mistake. I wanted to pay only 10% CGT after holding both for over a year. BIG MISTAKE!!!!!!
GD

greatfull dead
13/5/2010
12:38
Barclays are great with linked accounts, so you can easily transfer as Phil says. You need to set up linked accounts forms but they are all on the website. That said they were down for an hour or so this am lol.
fairdeal2008
13/5/2010
12:36
No gain on spousal transfers, so she effectively takes on the shares at your original purchase price. Your disposal price is noted in tax return as the same price as you paid for them ie nil gain, which is the same value noted on the incoming purchase in wife's return.

imho

fairdeal2008
13/5/2010
12:32
phil, this is something I have been thinking of doing, but I am not clear on how this works - if I bought some shares a while ago and I then give them to my wife, and she sells them at a later date, is she liable for the entire gain on them from my original purchase price, or am I liable for the gain up to the point I donated them, and she for the gain from there? In which case, how is the value at the point they are transferred recorded? Can you only actually do the transfer when the market is closed, thereby giving a fixed price?

Sorry for the o/t.

nearlycertain
13/5/2010
12:24
SAGEM,
correct,i have two accounts with Barclays,one in my name,one in the wife's,equals 20,200 pounds of allowance before CGT.Easy to transfer shares between accounts,takes 3-4 days and costs nothing.

phil4711
13/5/2010
12:22
There was an article on ft.com yesterday talking about cgt and how little it might raise for the govt. It said that after the 10k allowance, only about 225,000 people actually pay any cgt - I was surprised it is that low. It said a hike to 40% would only raise about 1.3B, a mere droplet in the bottomless pit of debt that GB left us with.

Found it again -

nearlycertain
13/5/2010
12:21
This thread is very annoying....keep seeing updated on posts and every time I look in it's bloody SAGEM....and I can't read his posts anyway...

SAGEM - 13 May'10 - 12:19 - 10615 of 10616 (Filtered)

monkey puzzle
13/5/2010
12:19
Understandable that there has been some profit taking, bit still in a rising trend.
steelwatch
13/5/2010
12:19
wardy3 Just take a look at the volumes buys against sells....A LOT MORE SELLING no getting away from that fact...so where is all the confidence never mind the so called good news
sagem
13/5/2010
11:41
ANYBODY KNOW IF THIS STILL APPLIES


I think every body is still allowed a capital gain of £10,100 or twice this amount if all shares are in Husband and Wifes name so between you both you can make a capital gain of £20,200 before you have to pay CG ON SHARE DEALING.

sagem
13/5/2010
10:46
OT.

On the issue of CGT imo it is not certian that it will be increased to 40%. Does anyone know for certian it will be and if so when. Lived with it before when it was 40% for the 1st year if you bought and sold your shares in that period and if not you held them for more than 1 year it went down to 10%.

The 18% was one thing Labour did to help the markets move some and the PI and traders. I personally doubt the Tories would change it. But then we are not sure what deals have been done with the Liberals.

GD

greatfull dead
13/5/2010
09:53
Well when that moment comes it should be an interesting turnaround.
fairdeal2008
13/5/2010
09:51
Nice buys coming now, I think that was the bottom. Long term investors wanted, apply within.
bigneil9
13/5/2010
09:46
I think every body is still allowed a capital gain of £10,100 or twice this amount if all shares are in Husband and Wifes name so between you both you can make a capital gain of £20,200 before you have to pay CG
sagem
13/5/2010
09:35
are there any disadvantages to using spread bets instead of actually buying shares? surly this is a better option as 100% gains are yours and you can stick two fingers up to the government?? tia
mingle3
13/5/2010
09:32
Some goods posts here today. The quoted post from iii has some valid points too. Here I was thinking from a charting perspective we were just gap-filling.
Nice to see you back Capt Grumpy.

notarealdr
13/5/2010
09:31
Its a case of buying on the rumor or what is about to happen and selling on the facts announced in the RNS. Any experienced investors dealing in Penny shares as Range is knows that this is what happens and even though the news has been very good the share price will drift...these are facts... I own Range and sold on the news, bought back after they went down and will do the same again....and what has happened will be repeated time and time again.We are all dealing in Penny speculative shares and the market makers can take us for a ride whenever they like, these are the chances we all take buying Penny shares and trying to make some easy money if you are lucky. I think Range has huge potential and I will always have a holding TO TRADE. Good luck with the next RNS.
sagem
13/5/2010
09:27
apols for double post - sounding like Jimmy Saville!!
stnick
13/5/2010
09:27
Mr White,

Some of us are already very careful with our money and our businesses and do very well from it as a result over the years. Evertyhing I have I've worked for, can the same thing be said about those silver spoons that dictate the tax regimes? Well the FSA is a government body to set up and regulate the markets over the years, its not up to the private investors to do that, yes more managers to manage the managers that managed to get it wrong. The tax increase impacts those that are successful on the markets and will force some to look for alternatives. Why should I continue to work hard and research oil investment opportunities in the UK and pay 40% CGT when I can do the same for the TSX-V trade in my ISA and pay nothing? Hmm its a really hard decision that one lol. Its a good job RRL is ISAable. Yes I would prefer to keep my money than keep some afgan warlord on the dole. Clean up britain, force the lazy to work and I'll happily maximize the CGT/income/corporaton tax I pay/have paid for the benefit of the British people.

Captain Nelson Forties

captainnelsonforties
13/5/2010
09:26
Just for the record someone earlier mentioned that it was FIFO (First in First Out). This is not true. It is actually LIFO (Last in First Out).

ie what you bought last year is considered the latest (date wise) sale compared to what you bought last week, if you sold in 2 tranches, all of the shares that you held in a co.

regs

stnick

stnick
13/5/2010
09:26
Just for the record someone earlier mentioned that it was FIFO (First in First Out). This is not true. It is actually LIFO (Last in First Out).

ie what you bought last year is considered the latest (date wise) sale compared to what you bought last week, if you sold in 2 tranches, all of the shares that you held in a co.

regs

stnick

stnick
13/5/2010
09:15
Well,

Atleast PWhite has admitted he is a deramper. The eagleford shale has been known about for decades, its just now that, with the advent of horizontal drilling techniques, some of these plays are now commercial. May I remind you that the Mobil David field has produced some 250bcf of gas and over 10mmbbls of oil. That does not sound like its worthless.

Cash

cashandcard
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