stevio
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Post by stevio on Apr 11, 2017 18:02:22 GMT
I would like to take advantage of the CGT allowance
Which platforms incur a Capital Gain?
What other investments outside of P2P incur a capital gain rather than income?
Thanks
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Mike
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Post by Mike on Apr 11, 2017 19:14:11 GMT
Capital Gains Tax? Yes please!!!
That's Cointreau, Gin & Tonic, right?
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dzo
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Post by dzo on Apr 11, 2017 19:55:40 GMT
Buying and selling on the FS SM can create a capital gain, but there's a risk you won't be able to sell. I think Ablerate's Instant Returns count as capital gains as well.
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bigfoot12
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Post by bigfoot12 on Apr 11, 2017 22:35:12 GMT
Which platforms incur a Capital Gain? The equity house buying to let platforms such as house crowd and property partner. In both of these you would own shares in a SPV with the hope that the value of these will increase. Property partner has a secondary market which will help timing the gains, but in both cases there is a risk that the SPV will be unwound at an inconvenient time. The equity platforms (such as Seedrs and Syndicate Room) mainly sell shares covered by EIS which are free of capital gains, but there are also some interesting propositions which are not. But in any case these are very high risk. P2PGI and some similar ITs trade at a discount, should that unwind there will be capital gains. What other investments outside of P2P incur a capital gain rather than income? Shares, ETFs, Gold*, Silver*, Unit trusts and other funds.... There are some structured funds that are designed to make capital gains whilst paying very little income - though fees might be a bit high. Whisky - I quite like this but I haven't really had any gains because it hasn't been going long enough. Edit: The exact nature of tax and costs on the Whisky investment is uncertain. Edit: * I think that Gold and Silver UK coins are GCT free
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Post by GSV3MIaC on Apr 12, 2017 11:35:56 GMT
ZDP shares are designed to generate (only) capital gains, but should be approached with caution, since it's only about 10 years back that a lot of them were found to be cross-investing to an unacceptable degree ('house of cards' springs to mind) and wound up paying compensation is largish quantities. Hopefully the ones that are left are slightly less insanely geared.
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stevio
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Post by stevio on May 9, 2017 6:41:09 GMT
Buying and selling on the FS SM can create a capital gain, but there's a risk you won't be able to sell. I think Ablerate's Instant Returns count as capital gains as well. Yes I believe ablrate there are some CG both with Instant Returns and via the SM I would have to ensure not considered a trader on FS I think I need to read up on the HMRC CGT tax manual to get some ideas I was hoping for more within P2P and I will certainly look into the ones you suggested bigfoot12CG outside of P2P seems a little risky but thanks for the suggestions I should maybe look at CGT and IT tax free investments more too first
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