James Broonbreed Posted November 6, 2014 Report Share Posted November 6, 2014 When selling shares, do you only pay tax on profit when they're you've held them for less than 5 years? Quote Link to comment Share on other sites More sharing options...
Adam Easy Wishes Posted November 7, 2014 Report Share Posted November 7, 2014 Good thread. In answer to your quick question, I do know a quick answer. I'm sure someone has a LONG ANSWER for you, though. Buy low, sell high. That's my motto. 1 Quote Link to comment Share on other sites More sharing options...
Spoonie Posted November 7, 2014 Report Share Posted November 7, 2014 Looks to me that unless you're outwith your tax free allowance, you won't pay tax: http://www.hmrc.gov.uk/rates/cgt.htm#1 Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted November 7, 2014 Author Report Share Posted November 7, 2014 So it's safe to say, I'll pay tax, but is it only on the profit when I sell, rather than the actual sale price? Quote Link to comment Share on other sites More sharing options...
Spoonie Posted November 9, 2014 Report Share Posted November 9, 2014 Yes, the increase in the value of a share is a capital gain (same way the increase in the value of a property is a capital gain) so when you go to sell that property or that share, you are eligible to pay tax on that increase. You really need to be selling a lot of shares, or shares which have undergone a significant increase in value since you bought them, before you'll go over your threshold. There will be other costs associated with selling, depending on how you do it. Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted November 9, 2014 Author Report Share Posted November 9, 2014 (edited) Edited November 9, 2014 by James Broonbreed Quote Link to comment Share on other sites More sharing options...
Spoonie Posted November 9, 2014 Report Share Posted November 9, 2014 I don't think you'd pay any tax at all. As I understand it (and please ask a professional!) you'd be making 2k in capital gains, which would mean that the tax was x% of 2k and that would be covered by your tax free allowance Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted November 9, 2014 Author Report Share Posted November 9, 2014 Aye, I see that now. This time of day on a Sunday any .gov web page is just a blur. Aye I'd obviously check with a pro before doing anything. But from what you've told me, and what I've understood of it, selling shares within 5 years doesn't automatically make you a complete fucking idiot who likes chucking money away. Cheers again, mucker. Quote Link to comment Share on other sites More sharing options...
Spoonie Posted November 9, 2014 Report Share Posted November 9, 2014 No worries dude. I know people who bought and sold shares within a couple of days when companies have crashed and then bonced back and stuff like that, without any hassle. Quote Link to comment Share on other sites More sharing options...
scottyboy Posted November 10, 2014 Report Share Posted November 10, 2014 I think it's pretty normal to sell shares within 5 years if they are in developed markets (maybe not if you're really trying to buy into a minnow and waiting for it to grow into a Starbucks). 6-10 years as a starting point, I'd have thought was more with investing in developing markets. Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted December 1, 2014 Author Report Share Posted December 1, 2014 Quote Link to comment Share on other sites More sharing options...
colb Posted December 1, 2014 Report Share Posted December 1, 2014 Oil price is below $70 a barrel now - probably not a bad time to buy some as they'll be falling. Petrofac will clear of the nightmare of Laggan Tormore soon enough and that should help their share price. The contractors are probably the best place to be buying shares right now anyway, whatever happens things will still need maintained and they'll be around for all of the decommissioning - so it doesn't matter who's right about oil reserves in terms of long term work for these companies. Just my opinion though, not really based on anything apart from that. Quote Link to comment Share on other sites More sharing options...
Spoonie Posted December 2, 2014 Report Share Posted December 2, 2014 Hard to say with share prices because there are a lot of factors, but the low oil price just now is a major one. From what I understand, itcomes from a combination of the US production being quite strong and some of the more volatile countries having not dropped their production levels as much as people had expected. Thus, there's no shortage of supply and with manufacturing in many places having not recovered from the financial crisis, there's less demand. It's caused all kinds of problems for Russia already and their currency dropped sharply yesterday before recovering a bit. For any oil and gas companies, high share prices are predicated on high oil prices meaning that they make massive profits and have plenty to return to shareholders in dividends, so I'd say that while the oil prices stay low, I wouldn't expect to see those jump up that much. Low share prices also make companies volatile to takeover but that seems to be something that hasn't happened much lately. Quote Link to comment Share on other sites More sharing options...
JaseyBoi Posted December 7, 2014 Report Share Posted December 7, 2014 Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted December 7, 2014 Author Report Share Posted December 7, 2014 That's how Baker Hughes operate, but not Petrofac. Quote Link to comment Share on other sites More sharing options...
JaseyBoi Posted December 9, 2014 Report Share Posted December 9, 2014 That's how Baker Hughes operate, but not Petrofac. Baker HughesHalliburtonBjFranks. Quote Link to comment Share on other sites More sharing options...
colb Posted December 9, 2014 Report Share Posted December 9, 2014 All American firms - that's why the W9 comes into play. 1 Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted February 6, 2015 Author Report Share Posted February 6, 2015 Does anyone think Brent crude is on its way back up now? Quote Link to comment Share on other sites More sharing options...
Skacel Posted February 6, 2015 Report Share Posted February 6, 2015 Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted February 6, 2015 Author Report Share Posted February 6, 2015 (edited) My shares are purchased pre-tax, therefore I'd be eligible for income tax? capital gains tax? Edited February 6, 2015 by James Broonbreed Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted February 6, 2015 Author Report Share Posted February 6, 2015 wage garnishing fucks. Quote Link to comment Share on other sites More sharing options...
waltz Posted February 6, 2015 Report Share Posted February 6, 2015 Quote Link to comment Share on other sites More sharing options...
Skacel Posted February 6, 2015 Report Share Posted February 6, 2015 My shares are purchased pre-tax, therefore I'd be eligible for income tax? capital gains tax? Sounds like you are talking about a share incentive plan? http://en.wikipedia.org/wiki/Share_Incentive_Plan http://www.thisismoney.co.uk/money/investing/article-1689905/Company-Share-Incentive-Plans-SIPs.html Seems to be income tax and NI if sold within 5 years but nothing after that. Quote Link to comment Share on other sites More sharing options...
James Broonbreed Posted February 6, 2015 Author Report Share Posted February 6, 2015 Yup. SIPS. Fuck sticks Quote Link to comment Share on other sites More sharing options...
Spoonie Posted February 6, 2015 Report Share Posted February 6, 2015 Stackin' mad paper! Quote Link to comment Share on other sites More sharing options...
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