For example lets say I made a net gain )after currency conversion charge and cost of buying shares) of 5000 euro. The currency conversions charge is 200 euro. Which calculation is correct. Is the charge taken off before or after?
5000 - 200 -1270 (exemption) = 3530 x 33% =1165 (CGT payable)
0R
5000-1270 (exemption) =3730 x 33% = 1231 -200 = 1031 (CGT Payable)
Sorry its not my net gain....its my net proceeds of the sale after the currency conversion charge has been applied.
The currency conversion is done as per the exchange rate of the day and then a currency conversion charge is applied.
I am assuming I can subtract this charge from my gains before working out my tax liability?
I'm still at a loss. You're saying it's your "net proceeds after the currency conversion charge has been applied". Then you want to subtract the currency conversion charge again. How does that make sense?
I'll have to give up as I am lost. As with all your previous examples, you already subtracted the conversion charge in the calculation above, why are you talking about subtracting it again? If you are asking "I already subtracted the conversion charge in the calculation, is that ok?" then the answer is yes -- anything that is part of the transaction fees is allowable, but not ongoing fees like account maintenance etc.10000 euro is then reduced by an extra charge (called a currency conversion charge) of 500 euro leaving me with 9500 euro
9500- 1000 (cost) -1270-(allowance) = 7230 (chargeable gain)
The currency conversion charge is a charge, added extra, nothing to do with the exchange rate. As this is a cost of selling the shares can I also take this off my chargeable gain before calculating my CGT due?
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