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Splash!

04 February 2014 / Kevin Read
Issue: 4438 / Categories: Comment & Analysis , share pooling , Capital Gains

An exploratory dip in share pooling for capital gains tax

KEY POINTS

  • The problem of matching part disposals of fungible assets.
  • Confusion caused by multiple changes to the rules on quoted shares.
  • The present rules for partial disposals of shareholdings.
  • Examples of calculations of capital gains.
  • The importance of accurate information.

If I remember correctly one of the very early entrants in the “Colemanballs” column of Private Eye was a line from Anita Lonsbrough’s commentary at the 1976 Montreal Olympics as an East German won her umpteenth gold medal: “This girl’s a wonderful swimmer. She’s got respect for the water and the water’s got respect for her.”

I have often thought of this rather bizarre comment over the years as governments of different political persuasions have made changes to the...

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