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generalist
Reputation Activity
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generalist got a reaction from Ushao in Capital gains tax questions
I'm in the process of putting together records of my PM purchases and sales for capital gains tax purposes. I've seen that HMRC says that for shares and crypto what you buy is pooled together, and when you sell some the capital gain is worked out on a proportional basis. My question is, does pooling apply to gold and silver?
For example:
If I bought a Krugerrand one day and a gold philharmonic on another day, would I pool those together?
If the answer to that example is no, what about if I bought maples one day and another load of maples another day? Would those be pooled or must they be considered separate?
I suspect the answer is that pooling does not take place, although I'd like some confirmation especially as it does seem to make sense at least when buying the same type of coin on a regular basis.
Another completely separate question. Do gold and silver count as chattels? This seems relevant because it appears only a chattel disposal amounting to at least £6,000 is counted. Although gold and silver appear to meet the definition of a chattel the HMRC guidance doesn't include gold and silver in their examples of chattels and I can't find any guidance specific to gold and silver. Also, none of the discussion I've read about CGT for gold and silver have mentioned this £6,000 minimum disposal, making me think they're not chattels.
Many thanks
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generalist got a reaction from silversurf in Today I Received.....
Received today from @kneehow2018. It's a shame my camera focus isn't the best.
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generalist got a reaction from richatthecroft in Today I Received.....
Received today from @kneehow2018. It's a shame my camera focus isn't the best.
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generalist got a reaction from goldmember44 in Today I Received.....
Received today from @kneehow2018. It's a shame my camera focus isn't the best.
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generalist got a reaction from Melon in Today I Received.....
Received today from @kneehow2018. It's a shame my camera focus isn't the best.
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generalist got a reaction from MrFreezerrr in Today I Received.....
Thanks for the advice. It's good to know that.
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generalist got a reaction from Silverman2U in Today I Received.....
Received today from @kneehow2018. It's a shame my camera focus isn't the best.
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generalist got a reaction from silverdocket in Today I Received.....
Received today from @kneehow2018. It's a shame my camera focus isn't the best.
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generalist got a reaction from UnoWho in Today I Received.....
Received today from @kneehow2018. It's a shame my camera focus isn't the best.
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generalist got a reaction from ZigZag in Today I Received.....
Received today from @kneehow2018. It's a shame my camera focus isn't the best.
