Chapter 21 - CGT: Shares and securities for individuals Flashcards by Stephen Moule | Brainscape

Q

What are the three types of shares and securities not subject to CGT?

A

listed government securities (gilt-edged securities or gilts)
qualifying corporate bonds (e.g. company loan notes)
shares held in an Individual Savings Account (ISA).

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Q

What is the matching principle with shares?

A

Same day as the date of disposal.
Within following 30 days.
The share pool

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Q

How do you caculate the cash proceed for part disposal?

A

(cash received)/(cash received +MV of new shares) x Cost

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