A DOS

Such a prompt reply system, not! Asked for help trying to work liability out, getting nothing except you need to work it out yourself. That's what I'm trying to do. Gave an example so the rules could be clarified. But they were not.

I am a basic rate tax payer. I sold some shares at a profit before the Oct 24 budget. I also sold some shares after Oct 24, some of which were sold at a loss and some at a profit. The capital gains rate increased in the budget from 10% to 18%. How do I calculate my tax liability to include losses and allowance? So for example I sold shares which realised a gain of £16K in August 2024. Then sold some shares which realised a loss of £1K in December 24 and others which realised a gain of £400 in December 24. What is my capital gains liability? Does the allowance come off the first gain, so 16k-3k(allowance) = 13k. So 10% tax on this? Then which set of gains does the loss I made in December come off, the gain I pay 10% on or the gain I pay 18% on? What happens to the remainder of the loss? I would like to know so I can calculate my tax liability.

That defines come costs associated with acquisition or disposal of assets. However, isn't obtaining a replacement share certificate to replace a lost original a cost associated with preserving and defending title to the asset? Therefore are the costs not allowable against capital gains based on CG15150 bullet point 3?

I have some shares for which I have lost some of the certificates. Can the costs involved in getting replacement ones from the registrar be included in my costs when calculating my capital gains tax liability?

If I sell some shares which results in me having to pay some capital gains tax does this count towards my income when I am being assessed for the savings allowance? For example; Income from pensions and other sources £12,570, capital gain £10,000 do I still retain the £5000 starting rate for savings band? Do dividends from shares count towards my income as far as the starting rate for savings is concerned? Cheers

Sorry, showing my ignorance there. Let me rephrase. If I sell some shares which results in me having to pay some capital gains tax does this count towards my income when I am being assessed for the savings allowance? For example; Income from pensions and other sources £12,570, capital gain £10,000 do I still retain the £5000 starting rate for savings band? Do dividends from shares count towards my income as far as the starting rate for savings is concerned? Cheers

If I have a chargeable event which results in me having to pay some capital gains tax does this count towards my income when I am being assessed for the savings allowance? For example; Income from pensions and other sources £12,570, capital gain £10,000 do I still retain the £5000 starting rate for savings band? Do dividends from shares count towards my income as far as the starting rate for savings is concerned? Cheers