Get your free $100,000 CFD trading account today
BuyPennyStocks.com - an unbiased resource dedicated to helping investors interested in penny stocks.
Invest in the Future
Advertise with Shareworld now and profit from our future
Click here for more information
i have 1036 gsk shares transfered out of a share reward scheme on leaving the company at a price of £14.74. if i sell today at £12.50 will this be classed as a loss for capital gains tax purposes...
Question
i have 1036 gsk shares transfered out of a share reward scheme on leaving the company at a price of £14.74. if i sell today at £12.50 will this be classed as a loss for capital gains tax purposes - Posted by Terry
Answer
ANSWER 18th January 2010
Hi Terry
On the face of it yes. CGT is calculated on the loss or profit between your acquisition cost and the sale proceeds on disposal (that is the sale proceeds after expenses). You must be sure, however that the £14.74 is your actual cost. There are several ways that shares can be acquired by employees and it might be wise to check with your ex-employers the actual cost that you should use for the calculation.
Hi Terry
On the face of it yes. CGT is calculated on the loss or profit between your acquisition cost and the sale proceeds on disposal (that is the sale proceeds after expenses). You must be sure, however that the £14.74 is your actual cost. There are several ways that shares can be acquired by employees and it might be wise to check with your ex-employers the actual cost that you should use for the calculation.
Have you Joined our Investment Forum?
The moderator of our Question and Answer service is an active member in our investment forum and gets involved with discussions in much greater depth. If your not already a member, you can join here, its completely free and it takes a couple of minutes to register.
Add A Comment