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Hargreaves Lansdown CGT Reports for Tax Return

Hargreaves Lansdown CGT Reports for Tax Return

Hi,

I have a couple of clients who have disposed of shares outside of ISAs with firms like Hargreaves Lansdown as part of an investment portfolio.

The client has provided the the usual investment reports which nicely cover dividend income and interest etc on the consolidated tax certificate but I cannot see any detail for the disposal of shares. All I have is a share account opening balance and closing balance of nil (i.e. all sold, some taken to ISA, some taken by client).

Would Hargreaves Lansdown be expected to provide a CGT type summary by tax year? If not, what records do I need to work from.

Any guidence would be much appreciated.

Many thanks

 

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By RFL H
12th Oct 2018 13:55

Your clients (assuming they have online access) can get you a history of the purchases and sales on each stock by clicking on View old Holdings on the Stocks tab.

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to RFL H
12th Oct 2018 14:01

Thanks for the reply. So HL will not provide any sort of summary for the tax year?

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to RFL H
12th Oct 2018 14:01

Thanks for the reply. So HL will not provide any sort of summary for the tax year?

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By RFL H
12th Oct 2018 14:13

The closest thing I am aware of is on the Tax Centre tab where you can get a list of Sales for the tax year.

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to RFL H
12th Oct 2018 14:43

Great, thanks gain. Much appreciated.

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By K81
12th Oct 2018 15:12

I have found that some investment houses want paying additional fees to produce a CG consolidated tax cert.

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By mumpin
13th Oct 2018 10:28

I find with older clients that they often bought the shares themselves and then transfered them into their broker account at a later date. When this happens the broker doesnt know what the base cost is, and so couldn't produce a meaningful report. Then you need to go back to the client and see if they kept any records from the date of purchases.
HTH

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By DJKL
13th Oct 2018 13:44

HL do a detailed six monthly Investment Report, catch is they run 1/11-30/4 and 1/5 to 31/10

These give all transactions for period on both Capital account and Income Account (Dividends etc)

On the one to 30/4 they also give a Consolidated tax cert for the tax year re income and a list of divs etc re tax year.

A word of warning re their screen "cost" figures if there have been purchases , sales and repurchases of same stock or corporate actions I have found that the carrying, on screen, cost of a stock is not always the correct tax cost.

If client goes to "Portfolio History" he/she will see a list of these previous reports on the right.

As previously advised client can click holding name for list of transactions but beware what you see/get may not be all you need e.g. I hold European Investment Trust, since the corporate action in May (bonus shares) the transaction list merely shows the CA in May, my original purchase is not displayed on the list.

(Not an issue to me as in a SIPP but if outwith a bit of a pain- I keep stuff outwith SIPPs and ISAs on excel, never know when one broker is going to be taken over by another and full system access restricted/lost (had this re TD Waterhouse ages ago re my Mother in Law though again , luckily, an ISA, but having all history is useful re performance measurement))

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