JerryG

A friend (seriously) has some old paper share certificates that were bought a long time ago outside of a PEP or ISA etc. They now want to digitize them within a trading account and then bed/ISA those ahres. My understanding is that when digitization from a paper share certificate into an online trading account the amount of shares are depositied at the current share price. For example, 100 shares of company X currently have a price of £2 but were originally bought for 50p. When the paper share certificate is digitized within an online trading account 100 shares at £2 will be recorded. Is capital gains to be considered at this point even though the shares were not sold. Further down the line, those 100 shares now recorded at £2 each are bed/ISA'd where the share price is now £2.50p. Is this the point where capital gain needs to be considered. Also is the gain per share £2.50p - £2 or £2.50p - 50p. Just not sure if the owner of the paper share certificates has a record of the original price for all the paper share certificates.

Trying to understand what allowable deductions can be made for a property that has been let out. A house and bungalow were bought at the same time on the same title deeds in 2000, The house has always been our private residence and the bungalow has been let out for most of trhe time, i.e. some gaps when changing tenants. The title deeds are jointly owned by my wife and I. As the bungalow has been let out we assume there is a CGT liability however we're trying to understand how to determine allowable deductions for CGT for the following: - How to value the bungalow. Do we need a retrospective valuation for just the bungalow when both the house and bungalow were bought together. Would a qualified Chartered Surveyor, accredited by the RICS as a Registered Valuer be appropriate, i.e. Red Book valuation. - How should costs be determined, i.e. Costs of buying and selling just the bungalow, including stamp duty, solicitor fees and estate agent fees, as both the house and bungalow were bought at the same time on one title deed, i.e. the purchase price was for both properties. - The house and bungalow are in close promity and have seperate council tax bills but share several services, i.e. shared access via a single driveway, shared septic tank and shared boiler via district heating. Does this affect the valuation on the bungalow or CGT liabilities.

Hi, I am living abroad and have already reached my state pension age, however I have not yet claimed my UK state pension. I have checked my NI contributions and have gaps. I have also determined that I am eligible to pay voluntary class 3 contributions and have determined how much to pay, i.e. each year that is not full explains that I can make up the shortfall for that specific year by paying a voluntary contribution of £££s and by a certain date. I have added all up the shortfalls, for the relevant years I wish to pay voluntary contributions, to determine how much to pay. I intend to make an overseas payment via an online bank transfer from a UK account. Referring to https://www.gov.uk/pay-voluntary-class-3-national-insurance/make-an-online-or-telephone-bank-transfer for an Overseas Payment can you confirm that I can use the following for my reference number when making an online bank transfer. Use your National Insurance number followed by ‘IC’, your surname then your initial. If your bank limits you to a certain amount of characters, you should use your National Insurance number followed by ‘IC’ and as much of your surname as possible. Many thanks.