MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
I sold 400 shares this year that I bought at a discount 10 years ago while working for AXA (so valued in Euros). I have no idea how to work out the chargeable gain, as I dont know what the original value of them was at the time, and no idea how currency rates might affect that calculation.
What I do know is that I wont be liable for CGT, as the amount I received is below the annual allowance.
What if I dont show anything on my return? If not, anything I do enter is a guess, and it makes no difference to what I owe.
cheers
""What I do know is that I wont be liable for CGT, as the amount I received is below the annual allowance""
Then no CGT is payable .... and you leave that box empty.
Easy
If they were sold for less than the capital gains allowance £11,300 (17/18) or £11,100 (16/17) you have no tax to pay. Otherwise look for historical data on the share price when you got them and deduct that plus any selling fees from the sake price. If below the capital gains allowance then no tax, no need to enter on your return just keep your calcs.
Ro5ey - that's great if correct. I assumed it would be like the bank interest section, where you have to enter the amount of untaxed interest, even if it's below the £1000 allowance. or where you entered taxed interest previously, even though it was taxed at source.
OP read the explanation notes, as above you need not enter anything