Taxman- how do you calculate CGT?

[wallstreet1928]

I trade CFD's and have to pay CGT(capital gain tax) ?

How do you calculate your tax and do you have an accountant?

 

[jaet1989]

You should seek advice from a tax expert, I recall the CGT rate being at 18%.

Well done for reaching the threshold, may I suggest spreadbetting as a loophole.

 

[ns1000]

I believe that it's basically value of portfolio at year end - value at start of year, taking into account cash transfers.

Dividends and interest credits should be subject to CGT rather than income tax as they're trading costs.

Your CFD provider should be able to give you a statement with all the figures on.