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Where Taxpayers and Advisers Meet

CGT on shares?

Joined:Wed Aug 06, 2008 3:13 pm

Postby Graham1 » Sat Jan 22, 2005 12:49 pm

When calculating gains/losses on shares should one use the 'Bargan Date' or 'Settlement Date'.

Appreciate your help.

Thank you


Joined:Wed Aug 06, 2008 3:10 pm

Postby funcrusherbill » Sat Jan 22, 2005 1:30 pm

bargain date

Joined:Wed Aug 06, 2008 3:15 pm

Postby Instinctive » Sat Jan 22, 2005 1:56 pm

Yes, bargain date as this is the contracual date. This is similar to sale of properties where it is the contract date which is the relevant date and not the completion date.

I fear that a lot of people report their CGT transactions by reference to their completion dates as it is these which are shown on completion statements issued by solicitors. In most cases it does not matter because both fall within the same tax year. However, there must still be a number of transactions where the contracts are exchanged before 5 April but completion after this.


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