Nigel Taylor

I sold a number of unit trusts in 2023/2024 tax year, which will result in payment of CGT due to gains exceeding the annual allowance. I have calculated the gains/losses for each unit trust using the s104 approach explained in HS284 and the example 3 link. This was complex due to each Unit trust having multiple small withdrawals every month to pay for the various product charges/fees, and occasional purchases. Whilst undertaking this exercise I have noted some unit purchases have been within 30 days of sales and have a mix of purchase values being higher than the sales value and vice versa. The bed and breakfasting rule is complicated to factor into my calculations and wonder if there are any examples you can share (akin to the methodology used in the example 3 within HS284) that show a number of withdrawals and repurchases?

For a number of years I have invested in 10 different OEIC funds held in a WRAP product by Provider A. Following financial advice these were all transferred to Provider B's WRAP product in October 2023 (sale and repurchase). This activity has triggered need to provide the required information on my self assessment for 2023-2024, as for the first time the total sale of chargeable assets exceeds £50,000 and/or potential gains are more than the annual exempt amount. I have created a spreadsheet to calculate the CGT liability for each OEIC fund, but seek clarity on how to deal with dividends in accumulation funds. I understand the reinvested income (which was subject to income tax) inflates the unit price and the notional income can be used to increase the original cost of the investment. All my funds sell units monthly to pay charges and occasionally sell units for fund switching (portfolio rebalancing), both of which may result in a CGT liability. Do I only offset the dividend against the potential CGG liability in that specific tax year, or do they also carry forward to the date the fund was fully surrendered? Having multiple funds with both Provider A & B, do I need to provide a separate spreadsheet for each fund, or will a single spreadsheet with each fund appearing on a separate tab be acceptable? Finally, having undertaken the calculation exercises I have determined an overall loss for tax year 2022-2023, which should largely/totally offset any gains in 2023-2024. Can the relevant calculations be included on the same spreadsheet for both tax years?