ldd123
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Calculating capital gains tax on shares
Hi there, I have a query regarding calculating capital gains tax on shares - shares that are bought and sold in USD and require a GBP amount on the self assessment form. The company I use (Morgan Stanley) provide a currency conversation for the proceeds of shares sold on my documentation, which aligns with what is deposited in my bank account. The trouble I'm having though is understanding the currency conversation for the shares I bought at time of purchase. I bought many shares over a one year period, and Morgan Stanley helpfully lists out them individually and as a total - but in $. How do I accurately calculate the $ into GBP? The currency conversion rate is not included in any of my documentation - only the amount in USD. Thanks,
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Did you dispose of chargeable assets worth more than £50,000?
Hi there, I sold shares worth £59,000 in the 2023-2024 tax year. I believe I need to click 'yes' for - Did you dispose of chargeable assets worth more than £50,000?. Please can you confirm that's correct. Thanks,
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