Steven Bates

Thank you for your reply. So in my case can you confirm my calculation is correct: Bought 5,000 Sold 15,000, minus 1.8 commission = 13,200 Subtract 6,000 = 7,200 Multiply 7,200 by 1.667 = 12,002.04 or actual gain 13,200 - 5,000 = 8,200 (is this correct?) Do I pay CGT on 12,002.04 or 8,200? I'll use the Real Time function. Thanks for your help.

Afternoon, Any help or advice greatly appreciated. I have a just sold a collectors item. Namely an autographed LP which has been in my possession for 20 years. The item sold for £15k (£13.2 after commission) I have looked at the calculation used to ascertain capital gains but still a little confused. The item was bought for £5k 20 years ago. The calculation is here https://www.gov.uk/capital-gains-tax-personal-possessions Can someone advise what capital gains I would pay please and how they arrived at the figure? I'm a basic rate tax payer. Much appreciated. 

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