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Hi.If your disposal proceeds exceeded four times the annual CGT exemption in the 2013/14 tax year (£46,600) which they appear to have done, you have to report the gains and losses regardless of whether your gains exceeded the annual CGT exemption or not. Take a look here for more information on shares and CGT and here and here for information on share identification on disposal.I hope this helps but let me know if you have any further questions.
so the tax gain /loss is calculated on individual companies rather than an amalgamation of all shares bought and sold in a tax year?
OK thank you. So the assessment is made on each of the different company holdings
Can I ask one more question please without charge?
If company shares have to be assessed individually then is the £10,900 allowance per company?
(don't answer if it costs me I cant afford any more fees sorry)
But if u bought 5 different company shares at say 5k each (£25k outlay)
and sold each for £10k (£50k return) then the liability is presumably on 25000profit less 10900 allowance ie 14100?
or is the 5k profit you made on each company subject to individual £10,900 allowance?
many thanks. I wont trouble you after this