I have a client who has a pension with Standard Life; Standard Live gave them some shares some time ago, in May 2013 my client sold the majority of these share through Capita Asset Services and received £1231.85. I believe that the shares were original worth 10p each so the value of the gift was £30.00 being 300 share's @ 10p per share.
Please can anyone confirm if this £1231.85 is a Capital Gain and should be reported on the self-assessment tax return as I'm a little confused.
The notes on the self assessment form (SA100 Notes) say:
7. Capital gains summary
You must fill in the Capital gains summary pages and attach your computations if in the tax year:
you disposed of chargeable assets which were worth more than £43,600, or
your chargeable gains (before the deduction of any losses) are more than £10,900 ...
You may not need to worry about a small amount like this unless there are other gains too.
Hi everyone... can I hijack this thread and ask if anyone is using a software that can manage share pooling? I have a client who has two investment accounts, and one of the brokers doesn't provide a statement of realised gains/losses, and I thought some software might assist in tracking the share pools.
