Hi,
I parted ways with my investment manager in 2015-16 and sold off my entire portfolio of unit trusts/OEICs.
The net CGT profit (after allowing for losses) was lower than the CGT allowance, so no CGT is actually due. Nonetheless, I have to make a CGT declaration as the value of the assets disposed of was quite a bit above the £44.4k threshold.
Some holdings were acquired and disposed of in stages, which means that I cannot use the online worksheet and need to attach my own calculation instead. I have a detailed "capital gains tax realised profit and loss report" provided as part of the "tax year end report" by my investment manager. This provides the following for each security: name and identifier, number of units sold, date of disposal, proceeds, CGT cost, CGT profit/loss. It also gives totals for proceeds, CGT cost and CGT profit/loss for all securities sold.
My queries are:
(1) Can I just insert the relevant totals into my tax return, and attach to the tax return a scan of the report in PDF format as my "calculation"? Is this what would usually be done in this situation?
(2) The one thing the report from my investment manager does not explicitly state is how the "CGT cost" for each security (i.e. the deemed cost at the point of acquisition) was calculated, and this could be somewhat complicated as some of the securities were acquired in a staggered fashion. I have not been able to find any guidance as to how the calculation should be structured or formatted - is it mandatory to state explicitly how "CGT cost" was arrived at?
Many thanks for any help you can offer. Basically I'm trying to gauge whether I can navigate this myself or whether I will need professional help (the rest of my return is easy!).
Best wishes.
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