Transaction fees in stock transactions

Hello, I have US stock transactions. Tax and transaction fees are charged for all transactions. Can I know how to handle the transaction fees when reporting the self assessment tax return? Thank you, Karen

Hi,

The costs of acquisition and disposal of the stock can be set against any gains arising from the disposal of the stock.  

Have a look at:

CG15250 - Expenditure: incidental costs of acquisition and disposal

Thank you.

Hi, Thanks for your reply. How about the commission fees charged for dividends received? Can the commission fees be set against any gains arising? Thank you.

Hi,

Please have a look at the guidance at:

CG15250 - Expenditure: incidental costs of acquisition and disposal

It defines what is allowable expenditure for the incidental costs of acquisition and disposal.

Thank you.