Roy_F

Hi, About 30 years ago I was given an option certificate from my employer, to purchase shares at a discounted rate if they ever went public. I had to hold the certificate for a fixed number of years after receiving it before being able to use it. About a year before that time was up, they went public, then when the date came around I bought the shares, With the help of an accountant sold enough to max out my capital gains allowance for that year. The following year, I sold the maximum allowance again. The certificate for the remaining shares was lost in time across at least three house moves. Since then, around a decade ago, there was a "Return of value and listing of new ordinary shares", which reduced the number of shares but increased the value of each one. At that point, the company sorted out Equinity online access and I can see the "new" shares allotted from the corporate action plus a cash payment of £165.19 (and tax paid of £18.35). I have found the original Regulatory news and it looks like for every 100 old shares I got 88 new shares. As I do not have accurate records for the who thing start to finish, what is the accepted method to calculate capital gains if I sell some of these remaining shares? Do I assume 100% is profit as I cannot prove otherwise? Thanks.

Thanks for the quick reply, I'll go and get it clicked.

Apologies as it's a forum question, not a tax-specific one. Received an email about continuing use of this forum, asking me to click a link to a url beginning hmrc dot imicampaign dot uk (Obviously I've replaced "." by "dot") Is this email legitimate ?

Hi, I need to fill in the interest earned section on my SA. I've been advised I can call to check what has been declared by each bank, so funds that are not accessible (fixed-term bonds) but may have been declared can be correctly entered in the year the bond matures. Which helpline can I use to go through account information so I can ensure I am declaring the correct amount ? I was going to call the self-assessment helpline, but when I search for it, the website says it is closed until 4th September. Thanks.

Hi HMRC Admin 8, - sorry please ignore my previous post, here it is edited with what I thought I typed !!! When you say ... "You can only have 1 of each kind and you can put money into one of each kind of ISA each tax year. In the case of cash ISAs, do you mean one newly funded one per year? Since my original post, I've been researching more and I got the impression, per year, you can open one cash ISA and fund it with "new" money but you could also transfer existing ISAs into further new cash ISAs as no "new" money was being deposited. This is very confusing. Thanks.

Hi HMRC Admin 8, When you say ... "You can only have 1 of each kind and you can put money into one of each kind of ISA each tax year. In the case of cash ISAs, do you mean per year? Since my original post, I've been researching more and I got the impression, per year, you can open one cash ISA and fund it with "new" money but you could also transfer existing ISAs into further new cash ISAs as no "new" money was being deposited. This is very confusing. Thanks.

Hi, I'm looking to tidy up my finances and for convenience would like to have all my ISAs transferred into one big fixed-rate ISA. From reading the guidelines, I think I've got the process right, but wanted to check here. I have two ISAs from previous tax years, so shouldn't be too complicated, one matures in January 2024 the other in December 2024. Tax year 2023-24 I want to open a new ISA now and fund it with my savings. Transfer the ISA maturing in Jan 2024 into it, in Jan 2024. Tax year 2024-25 Open a new ISA in May 2024 and fund it with my savings. Transfer the ISA maturing in Dec 2024 into it in Dec 2024. Then (here's the bit I don't really understand,) Can I open a new ISA in Jan 2025 funding it by doing an ISA transfer of both my "new" ISAs? (I appreciate I cannot open two cash ISAs in the same tax year the normal way) Thanks.