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Posted Sat, 08 Jul 2023 09:34:13 GMT by Sixto Olson
I sold some ETFs recently. The annual statement from the bank shows a total amount of Custody Charges for all my portfolio, but does not provide detailed figures for each asset. How can I claim back the costs for these ETFs in my Capital Gains calculation?
Posted Fri, 14 Jul 2023 08:38:35 GMT by HMRC Admin 20
Hi Sixto Olson,

If you dispose of Exchange Traded Funds (ETF's) for more than they were purchased for, there is a gain.  
The gain is worked out as the disposal value, minus the purchase price and the allowable costs.  
The difference is either a gain or a loss.
On SA108 a gain would be shown as the disposal value and the 'disosal proceeds' and the 'allowable costs (including purchase price)'.
 Use these notes to help you fill in the Capital Gains Tax summary pages of your tax return describes the allowable costs.

Thank you.
 

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