Capital gain computation worksheet for shares

hello, I have seen in SA108 notes that there is a "computation working sheet" at the end, I can see it requires people to input: 1. Description of asset, for example, type and number of shares sold or address of property 2. Date of Disposal 3. Disposal proceeds 4. incidental cost of disposal 5. Net disposal proceeds 6. date of acquistion 7. incidental cost of acquisition 8. improvement costs 9. total costs 10. gain or loss 11. capital gains elections or reliefs. 12. net gain my question is when I have hundreds of stocks transactions, some of them will follow day trade rule, some of them follow bed and breadfast, and section 104, it will be very very complicated to show everything, or the worksheet will be thick like a dictionary. I would like to know if it is good enough to do in this way, For each share, I gather the following information: Number of disposals, Disposal proceeds, Allowable costs (including purchase price), Gains in the year before losses, Losses in the year, and Profit (Loss) (GBP) so then I can have an excel sheet to put muliple shares in the same table. does it work?

Hi,
The worksheet is only there to help. If you wish to use a a speadsheet to sumarise your gains and losses that is absolutely fine. You can attach a pdf summary to your tax return as your supporting evidence and keep the full spreadsheet should HMRC ever ask for it.
Thank you

hello, can I ask if share's option would also need a computation worksheet as well?

Hi ,
 

Yes . Thank you .

Hello, I have a related question about the Capital Gains Tax computation working sheet. My situation is simpler - I have 3 buy transactions and 3 sell transactions, all transactions are of shares of the same company. Some transactions are covered under Bed & Breakfast, others are under Section 104. The scenario is: 1st of December 2023 buy 100 shares. 5st of February 2024 buy 200 shares 6th of February 2024 buy 300 shares 1st of March 2024 sold 200 shares 2nd of March 2024 sold 200 shares 3rd of March 2024 sold 200 shares I am confused how to fill in the Date of Disposal & Date Acquisition field in this scenario. I assume I need one computation worksheet for the section 104 holding(the 100 shares acquired on 1st of December 2023 and sold on 1st of March 2024) - please correct me if that is wrong. Then I assume I need two more computation worksheets for the disposals on 2nd of March and 3rd of March - is that definitely true? I am confused what should be the Date of Disposal since 100 of the shares I am selling on 1st of March are covered under Bed & Breakfast and 100 shares are covered under Section 104. How many computation working sheets do you need for the above scenario and what will be the Date of Disposal & Date Acquisition for each sheet ?

Hi ,
 

We cannot comment on scenarios.  You can submit up to 20 worksheets.  You could include all share disposals of the same type in one worksheet, using the earliest date of acquistion and the latest date of disposal.  If you want you can use a spreadsheet to itemise all acquistions and disposals and use the summary figures to report the gain or loss.  You can save the spreadsheet as a pdf file by selecting file and export.  This pdf file can be attached to the tax return, to support your figures. Thank you