Hi, New here (as you know and sorry for the spams so far, getting up to speed very quickly thanks to all of you) I’ve been using this calculator to check capital gains tax https://taxscouts.com/calculator/capital-gains-tax/ Can I ask what is the correct way of handling the taxes in case of Invest…

Takes this example: 18/08/2020 FX_FEE 7 GBP fx fee taken for 51.3855643 Western Digital Corp (US9581021055) on 18-Aug-2020 14:11:03 GBP CASH_OUT -7 18/08/2020 SELL 51.3855643 Western Digital Corp (US9581021055) @ USD 39 (@ 1 GBP = 1.31090 USD) on 18-Aug-2020 GBP CASH_IN 1528.748957 11/08/2020 BUY 5…

Also just to add to the question, when it comes to stamp duty deduction I guess the following applies: P/L = Total SELL - Total BUY - Stamp duty.

Hey @dropbrick :wave:, The FX fee does not affect the position result as they are already included when you Buy & Sell the shares. You may see the applied FX fee formula along with an example in the article here . Edit: FX Fee do not apply for payments arising from corporate events. As for the St…

[image] Bogi.H: On a side note, the on spot exchange rate of + 0.15% is also included in payments arising from corporate events. I thought that was not the policy. See here: [image] Introduction of FX Conversion Fee 📊 Investing N.B. We’ve taken into account the fee…

[image] drcopper: Do I need to include the FX fees when calculating P/L for each position closed ? Is a bit confusing, so checking I’m doing the right thing. [image] Bogi.H: The FX fee does not affect the position result as they are already included when you Buy & Sell the shares. You may…

Noted @Richard.W , my bad. We’ve recently removed the 0.15% fee for corporate events and it is indeed no longer applicable. I’ll edit my initial comment, thanks for pointing this out. As for the second topic - I’ll update you later on.

It may help if I share a recent conversation with HMRC. My query was with regard to charges made by AJ Bell. [Screenshot_20210806-112638] [Screenshot_20210806-112653] Perhaps someone else would like to try a similar query and see what HMRC say. Perhaps phrase the question slightly differently s…

I have one further idea. HMRC does not specify what exchange rate should be used. Tourist rate, spot rate, spot mid rate, spot buy rate, average day rate? I have seen UK tax advisors remark upon this lack of specificity by HMRC. I have seen tax advisors conclude that you are free to use any reasonab…

Hi Guys, I’m after some guidance/favour. I need to work out my gains/losses for shares of 3 companies. These are a little complicated with bed and breakfasting rule. I have looked at the guidance and examples on HMRC and they don’t exactly fit my scenario. Is there anyone here who can help me with …

as a first step why not call HMRC and ask them a general enquiry about your scenario? [image] Capital Gains Tax Call or write to HMRC for help with Capital Gains Tax, including general enquiries and how to make payments

Capital gains tax

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Zergui October 14, 2022, 4:04am 126

Good point. Being in a country without CGT, it is a kind of externalities that never bother me

Reduction in T212 quantities

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Capital gains tax

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