Brent Sandiford
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RE: Capital Gains when Dividends are automatically Reinvested
Just so i understand; I use Interactive Investor as my dealing platform and they pay dividends into my account. Then they buy shares equal to the amount of dividend automatically. So this would be subject to Tax? I also hold paper shares, say in SHELL PLC, issued via Equitini and they issue share certificates. So this WOULNT be subject to tax? -
How to define Cash from May 22 - AVIVA 76 for 100 Share Consolidation
On 13 May 22 AVIVA did a share consolidation of 76 new shares for 100 Old shares and a cash amount. The cash amount was meant to equal the loss of the 24% of shares based on closing price on 13 May 22 of £5.37 When the shares opened on the Mon 16 May 22 at £3.84, this was a 28.5% loss in value. My questions are; 1. Do I treat the cash given as a Dividend or the proceeds from selling 24% of my holding 2. How do I treat my Sect 104 holding Average? Do I reduce the Average by the 24% or 28.5% or leave it as is...? Brenty -
Capital Gains when Dividends are automatically Reinvested
I have an Interactive Investor account where all dividends are automatically reinvested. Do I need to declare these as dividend and so pay tax on them...? If so would the tax not be an allowable cost come selling the shares for capital gains tax..? -
How do I allow for Monthly Account Charges when calculating CGT
I have a Interactive Investor account that charges a monthly fee. This includes a certain number of free trades. When the trades are free I only pay Stamp Duty. If I go over the number I pay £4 per trade plus Stamp Duty. How do I incorporate my monthly fee into the costs for capital gain calculations?