Jump to content
  • 0

Calculating capital gains


Guest lucas2

Question

Posted

I am preparing a tax return and want to work out my capital gains on IG. Unfortunately, the "consolidated tax certificate" only seems to list income from dividends and interest and does not summarise capital gains as I was hoping.

How do you work out capital gains on IG? Is there an overview of sold shares which also shows the cost of the shares (ideally already in GBP)?

If I have to manually work out all of this from the trading statements, that will be incredibly time consuming and painful. Do you know of any software that at least can help with that?

5 answers to this question

Recommended Posts

  • 0
Posted

I found that History > Trade History > Download History gives me a what I need to work out the gains fairly easily.

  • 0
Posted

Thanks you so much. Yes , this help but do we need to get in touch with HMRC or they will let us know.

 

  • 0
Posted
1 hour ago, Rktm said:

Thanks you so much. Yes , this help but do we need to get in touch with HMRC or they will let us know.

 

Yes you need to declare any capital gains to HMRC. IG don't provide any tax advice. If you google HMRC capital gains there should be links to advice, manuals, calculators and forms.

  • Like 1
  • 0
Posted

Now 2024 and no capital gains report function. A bit of a joke really as it would be simple for them to implement. Instead, all UK investors have to choose history filters and spend hours and hours working it out manually. A big job if you trade a lot. Sort it out IG we are fee paying customers by the way... 😐

  • Like 1

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • With Bitcoin aiming for a new ATH, this staking might be the best option to maximum holding
    • Tbh, trading can be frustrating, I keep trying different strategy to perfect my trading skill but all seems to be in vain. Recently, I learnt we can use AI to predict the market to trade, so I decide to start asking AI to analyze when btc is overbought so I can look for short entry but this seems not to work against as most trade I enter end up hitting my SL. I know this is part of the learning process so I don’t risk too much but it hurt to lose fund especially when you are trying your best to make your first positive trade. Sometime, I just feel the market is totally against me and that further discourages me from futures trading. Recently, I got introduced to BTC staking on some platforms like BGBTC on bitget, Babylon chain, Solv protocol, Coredao etc but that doesn’t quench my hunger to understand BTC volatility since I will just stake my btc and earn apr. I want to understand how this volatility works so I can start making something from futures trading rather than just staking to earn apr. Also, I feel staking is for spot traders that intend to hold for a longer period and that doesn’t expose you to the market. I am not like most trader that prioritize profit over knowledge even when that is the final goal.
    • $ETH will surpass ATH this month and hit $7-8k next year
×
×
  • Create New...
us