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CGT Tax calc for margin account

jonton · 2013-11-12 23:06:35

Hi All, I wonder if you can help me with the following. I have started using a margin account this year and I am wondering if in calculating the capital gain on shares disposed, is the initial cost = the total cost of the securities purchased or is it the initial margin? I believe it should be the total cost of the shares…

12-11-2013 11:06pm

#1

jonton

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: March 2011

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Hi All,

I wonder if you can help me with the following. I have started using a margin account this year and I am wondering if in calculating the capital gain on shares disposed, is the initial cost = the total cost of the securities purchased or is it the initial margin?

I believe it should be the total cost of the shares i.e. the share price x no. of shares, as this is essentially the amount of capital I have risked regardless of what agreement I may have with a brokerage.

Finding it difficult to find advice anywhere. Thanks in advance

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