night yogi moonsie
velvet summer
Good morning everyone it's a morning with promise! Looks like it's on track to deliver some sunshine.
Enjoy your day everyone 
Good morning everyone
Rained here last night for a time, cloudy here. Last mainly dry day. As from tomorrow, it's forecast to be very unsettled for many days thanjs to the jet stream moving.
Yogi, I'm glad you and Mr Y had no further mishaps 
I hope everyone has a good day
@Moonie posted:Good morning everyone
Cool overcast start to the day here. First line full of washing on the line. Second lot in the washer
It should be dry today then the next dry day will be Thursday followed by at least four days of rain
I hope you all have a lovely day
four days of rain, followed by two dry days followed by four days of rain so extremely unsettled.
Dealing with the tax return of a client. Has some shares including some in his employer, a well known plc. As is often the case employees buy shares in their employer by setting asisde a regular amount out of their pay. Then when sufficient money has built up, it's used to buy shares. The client has been doing this for 20 years and from time to time will sell some of the shares.
Capital gains tax is liable on any gain. Shares in a company are dealt with in a pool. To give a very simplistic example. 100 shares in A plc are bought at ÂĢ1 each so ÂĢ100 paid. A year later another 100 shares in A plc are bought at ÂĢ2 each so ÂĢ200 paid. So the pool cost of the 200 shares is ÂĢ300. Then 50 shares are sold for ÂĢ4 each so ÂĢ400 proceeds. The pool cost of those 50 shares is 50/200 x ÂĢ300 = ÂĢ75. He has a capital gain of ÂĢ400 less ÂĢ75 equals ÂĢ325. He still has 200 - 50 equals 150 shares and the cost for tax purposes is ÂĢ225 (ÂĢ300 - ÂĢ75, the same as 150/200 x ÂĢ300).
As you can imagine, over 20 years, the calculation becomes rather complex.
Client has sold some of the shares in A plc for the first time I've been doing his returns (about the last 7 years). So when I ask him for documents to be able to work out the tax I think you can guess that he's found nothing so far.
There's an annual exemption for capital gains tax. The amount he got for the shares is less than the expempt amount so we don't have to do anything for the return I'm doing. But there could well be big problems in future years.
(I did tell him in writing back in 2014 to keep contract notes for investments as I would need to see them if he sold shares so he can't hold me responsible if he gets problems in future)
Three, possibly four buried lakes of water discovered on Mars:
https://www.bbc.co.uk/news/sci...environment-54337779
Don't get too excited as the water is probably so salty for there to be any life able to survive.
@El Loro posted:Dealing with the tax return of a client. Has some shares including some in his employer, a well known plc. As is often the case employees buy shares in their employer by setting asisde a regular amount out of their pay. Then when sufficient money has built up, it's used to buy shares. The client has been doing this for 20 years and from time to time will sell some of the shares.
Capital gains tax is liable on any gain. Shares in a company are dealt with in a pool. To give a very simplistic example. 100 shares in A plc are bought at ÂĢ1 each so ÂĢ100 paid. A year later another 100 shares in A plc are bought at ÂĢ2 each so ÂĢ200 paid. So the pool cost of the 200 shares is ÂĢ300. Then 50 shares are sold for ÂĢ4 each so ÂĢ400 proceeds. The pool cost of those 50 shares is 50/200 x ÂĢ300 = ÂĢ75. He has a capital gain of ÂĢ400 less ÂĢ75 equals ÂĢ325. He still has 200 - 50 equals 150 shares and the cost for tax purposes is ÂĢ225 (ÂĢ300 - ÂĢ75, the same as 150/200 x ÂĢ300).
As you can imagine, over 20 years, the calculation becomes rather complex.
Client has sold some of the shares in A plc for the first time I've been doing his returns (about the last 7 years). So when I ask him for documents to be able to work out the tax I think you can guess that he's found nothing so far.
There's an annual exemption for capital gains tax. The amount he got for the shares is less than the expempt amount so we don't have to do anything for the return I'm doing. But there could well be big problems in future years.
(I did tell him in writing back in 2014 to keep contract notes for investments as I would need to see them if he sold shares so he can't hold me responsible if he gets problems in future)
Thatâs simple? 
Not to me it isnât El 
night moonsie everybody
Good morning everyone it's a cold and windy morning with plenty of rain to come.
Enjoy your day everyone
Just about to have my lunch only to find a deer standing in the garden. A doe I think she has now sat down and looks quite relaxed. Very exciting!
A partial reprieve for the Red button text service from the BBC. It was going to be axed months ago but the BBC decided to postpone the axe. It's now staying but with less pages.
Local, national and international news will now remain on the red button, along with the sports news headlines, fixtures and results; and weather forecast.
Yet from mid-2021, features like the lottery results and in-depth sport stories, for example, will no longer feature.
https://www.bbc.co.uk/news/ent...inment-arts-54360998
The red button streaming channel(s) weren't under threat.
Evening all
Weather has been changeable - rain, then sun, then rain again.
Minding went well yesterday 
Squiggle, how fabulous to see a deer in your garden - arenât they just gorgeous creatures?
El and Moonie, hope you gents have both had a good day?
@Yogi19 posted:Evening all
Weather has been changeable - rain, then sun, then rain again.
Minding went well yesterday
Squiggle, how fabulous to see a deer in your garden - arenât they just gorgeous creatures?
El and Moonie, hope you gents have both had a good day?
Hi Yogi
Iâm glad your minding went well
My day has been a good one bar the all day rain 
@squiggle posted:Just about to have my lunch only to find a deer standing in the garden. A doe I think she has now sat down and looks quite relaxed. Very exciting!
wow how fantastic is that -you are so lucky - love deer
night yogi moonsie velvet summer
Good morning everyone it's cloudy again this morning. Thank you everyone it was such a privilege to see a wild animal able to feel relaxed in my garden. She stayed over an hour, getting to her feet after half an hour and then wandering around having a nibble here and there.
Enjoy your day everyone