Taylor Wimpey Share Discussion Threads

[ianood] 23/10/2016 23:01

tlobs2 - surely you have better things to do than monitor somebody's positions??

[tlobs2] 23/10/2016 21:37

CatsWhiskas 20 Oct '16 - 17:16 - 18029 of 18039

Do you also post under the user name Pinocchio ?

Next time maybe share your thoughts with us at the time of opening your short so that we can monitor your progress or indeed your losses.

[steeplejack] 21/10/2016 06:54

One of the lesser attractions of ISA shares is that you don't have to scurry around keeping track of your trades for the Inland Revenue.The capital gains and dividend income tax benefits are clear but that's not to forget that the annual capital gains allowance is generous at £11,100 pa and of course,if you screw up your ISA investments,there's no allowable capital loss.For that reason,I don't as a rule put flighty AIM stocks in my ISA portfolio.

[uknighted] 20/10/2016 22:13

You can Bed&ISA shares if you have any of this year's allowance left. There are charges and you lose a little on the 'turn' but if you have a share you suspect might do well over the next 5+months it is worth doing.

[gbh2] 20/10/2016 22:00

As mentioned above my sales are way above 8x cgt I've had no problem understanding the rule outwith an ISA thank you.

[optomistic] 20/10/2016 19:58

gbh2, ...EDITED POST...do understand that the 4* rule is that you don't have to report trades under that amount...except of course you do have to report capital gains over I believe the current £11600 limit. EDIT except in the ISA no gains (or losses) have to be reported.
Any further detailed information I recommend you ask Gengulphus on the CGT thread as my knowledge is limited after what I have posted.
regards 'fred'

[dr_smith] 20/10/2016 19:48

gbh2: So you could have 2 ISA's to double input potential (I'm single, don't know if joint ISA with double allowances exist).

My a/c is with "AJ Bell You invest". I have SIPP too.
They have reduced dealing charges if >10 deals aggregated across 3 a/c's (Dealing, ISA,SIPP), so having products under same provider has benefit.

[gbh2] 20/10/2016 19:33

I'm ok with being outside the ISA I run a joint trading account which effectively doubles my CGT amount and ups the 4x to 8x for disposals.

That said I will look into the share ISA because my disposals often exceed the 8x CGT and I'm sure I have sufficient recorded losses to see me over the next 5 or 6 years ;)

[dr_smith] 20/10/2016 19:33

gbh2: Re tax. In past years I have phoned tax office direct with specific questions and IIRC had a reference number to quote, so had something to stand by..rather than "Fred said".
They were helpful and practical, not what I expected tbh - so worth getting the word from the horses mouth.

On Dealing a/c and ISA, and deciding which..
I sometimes have choice whether purchase should be made through one or other, thinking about expected CGT and likely term to be held, but in practice, decison is often the account with available funds, or with stock I wish to sell, to create the funds.

I top up ISA each year with max, typically at start of tax year, to get max CGT under the wrapper...but of course sometimes you may want to incur more CGT outside to maximise allowance - so it's not always obvious choice which is best, timing wise.

[optomistic] 20/10/2016 19:13

gbh2, yes you are correct there, any losses incurred in trading stocks in the ISA cannot be used against gains outside of the ISA.
Don't forget it can take some time to get a substantial sum into an ISA at I believe is now £15600 a tax year (check that) Also the current chancellor can make changes to any ISA rules whenever he chooses to do so :-(

btw I trade stocks both inside and outside of my ISA to suit possible taxation liabilities. I suppose it can be called tax avoidance but it is very legal.

[gbh2] 20/10/2016 18:51

Thanks opto, I visited the CGT thread in the early days but having always considered the share ISA as unworkable I've never researched the question.

If as you say the x rule doesn't apply I'd really like to drop the SA108 submission in future years (even if there are the loss carryover advantages to consider).

[optomistic] 20/10/2016 17:55

gbh2, the 4*rule does not apply to trading inside an ISA.


If you have any specific questions regarding CGT go to the CGT thread run by Gengulfus, he is absolutley brilliant in that area and so very helpful.

[catswhiskas] 20/10/2016 17:16

Made over £4k shorting this Turkey today will see which way it opens in the morning probably down and then short at 1k per point to 142p.This sector is so bombed out and out of favour I doubt very much any sustained recovery will be seen for years .

[gbh2] 20/10/2016 17:07

I understand the tax rules, I've been complying to the x4 cgt rule for 19 years and submitting the SA108.

I'll try the advfn "All things Tax" related thread and see if they know if it applies inside a ISA wrapper - Thanks guys.

[rikaughty] 20/10/2016 16:23

I also use an ISA investment account. As far as I'm aware tax free. Only limiting factor is how much you can put into the account per annum (as per usual ISA). I'm no expert though. Barclays seems to be a decent account.

[raffles the gentleman thug] 20/10/2016 16:09

Buying back my TW position into the close - only way to ever make money on these shares at the moment is to buy when no-one else wants to and sell when everyone is bidding it up 3% or so like yesterday - and today these shares are seriously out of favour whilst the fundamentals if anything are improving a tadge ..

[dr_smith] 20/10/2016 15:07

gbh2:In short, no I am not aware of that rule.
Googling:
hxxp://www.moneysavingexpert.com/savings/ISA-guide-savings-without-tax
scroll down nearly half way for :
Tax benefits of a stocks & shares ISA:..."You don't have to pay any capital gains tax on profits made from share price increases."

No qualification/rule mentioned.

Tax is complex.. so worth cross checking in several places. :-)

[gbh2] 20/10/2016 14:52

That's a slant I'd not considered, many thanks Dr smith.

Are you also up on the 4x CGT rule, in regard to disposals and the need to submit a SA108, does that still apply to disposals from an ISA?

[dr_smith] 20/10/2016 14:43

gbh2. I have stocks and shares ISA too. When shares are sold cash is credited to ISA, so no money is coming out of ISA as such, it stays within the same wrapper.

[arja] 20/10/2016 14:29

disappointing after the big rally yesterday ! getting hard to pick next move with builders and I prefer trading S32 and it has a lovely chart ( dual listed and hence get a good clue each day )

[optomistic] 20/10/2016 11:54

The FTSE 100 nudged lower to 7,018

Housebuilders, which struggled immediately after the Brexit vote, fell in response to market fears. Taylor Wimpey (TW.), Barratt Development (BDEV), Persimmon (PSN) traded up to 2.3% lower

........................................

Talk the talk!

[gbh2] 20/10/2016 10:36

Agree optomistic, but I think that benefits most PIs that want to build towards the next special dividend whilst trading in & out on 5% change.

Guess it's mainly the medium to long term holders that feel a tad dissatisfied atm

[optomistic] 20/10/2016 09:58

True gbh2, problem here is that the trend for the last 3 months plus has been sideways, needs that break in the right direction for us to have got it right.

[gbh2] 20/10/2016 09:45

Isn't that the case with the majority of ftse companies, guess that's why we always end up trying to play the trend.

[optomistic] 20/10/2016 09:40

Up yesterday...down today. Institutions playing with the price and creaming it both ways. We just sit around waiting for the long term picture to emerge.