Capital gains tax when withdrawing

[Guest Klem]

Do you deduct Capital gains tax from the account when making a withdrawal

[CharlotteIG]

13 minutes ago, SGibbs2 said:

When are these yearly statement sent? Do you need to opt in to receive them?

I'm looking to identify the capital gains figure for the last tax year for a tax return.

Hey @SGibbs2  thanks for your message. 

With non-leveraged accounts (Share dealing), you will be able to find CTC statements on the platform on the MyIG page by selecting Live accounts> Statement.

If you can't find it there, open up the platform and select My Account> History> Statements. 

With leveraged (CFD or spread betting) accounts you will need to contact us and request them. 

Let me know if you need anything else by '@' me. 

[CharlotteIG]

On 09/11/2019 at 08:38, Guest Klem said:

Do you deduct Capital gains tax from the account when making a withdrawal

Thanks for your message, 

Different accounts may or may not be subject to capital gains tax. The accounts that are taxed will need to be managed by yourself. We do not deduct tax when clients make withdrawals. 

We send out yearly statements to help you with your tax returns. 

[Guest SGibbs2]

When are these yearly statement sent? Do you need to opt in to receive them?

I'm looking to identify the capital gains figure for the last tax year for a tax return.

[Guest SGibbs2]

8 minutes ago, CharlotteIG said:

Hey @SGibbs2  thanks for your message. 

With non-leveraged accounts (Share dealing), you will be able to find CTC statements on the platform on the MyIG page by selecting Live accounts> Statement.

If you can't find it there, open up the platform and select My Account> History> Statements. 

With leveraged (CFD or spread betting) accounts you will need to contact us and request them. 

Let me know if you need anything else by '@' me. 

Thanks @CharlotteIG. That neatly answers the question for dividends - is there a report  for calculating overall capital gain/loss for the tax year?

[CharlotteIG]

26 minutes ago, SGibbs2 said:

Thanks @CharlotteIG. That neatly answers the question for dividends - is there a report  for calculating overall capital gain/loss for the tax year?

Thanks for your response @SGibbs2

We don't offer a statement that calculates your Capital gains tax. We're not regulated tax advisers which is why we don't provide that information.

The CTC statements we do provide can be used to determine what CGT you have to declare. 

[Guest UMB]

On 13/11/2019 at 14:35, CharlotteIG said:

Thanks for your response @SGibbs2

We don't offer a statement that calculates your Capital gains tax. We're not regulated tax advisers which is why we don't provide that information.

The CTC statements we do provide can be used to determine what CGT you have to declare. 

Thanks - how can be the CTC statements be used to determine CGT if it only reports dividends?

[ArvinIG]

1 hour ago, Guest UMB said:

Thanks - how can be the CTC statements be used to determine CGT if it only reports dividends?

Hi UMB,

You will need to talk to your an accountant or reach out to the taxation office of your location.

All the best - Arvin

[Mimi]

On 14/11/2019 at 00:35, CharlotteIG said:

Thanks for your response @SGibbs2

We don't offer a statement that calculates your Capital gains tax. We're not regulated tax advisers which is why we don't provide that information.

The CTC statements we do provide can be used to determine what CGT you have to declare. 

Hi Charlotte,

I use IG platform to trade US shares.

I understand that IG doesn't offer a statement that calculates Capital gains/loss. 

I'm calculating my Capital gain tax by myself, but I need to know how much tax was paid to American government when selling those shares. However, I couldn't find this information from my trading history, could you please advise me where I can find that the amount of tax that was already paid to USA when I make each transaction? 

Kind regards,