tullow price aust dollar, page-18

Hi Glenn

Paying tax on a capital gain is the responsibility of the individual. Even the broker to whom I transferred my Tullow shares doesn't know how I acquired them, how much I paid for them or when I bought them.

I don't see how a UK bank can withold anything on capital gain. They don't know how much was paid for shares or when. They don't even know what the incoming cash is for. It could be the remains of a capital loss. All they can do is accept the incoming cash. Interest paid by a bank is different.

I have no experience of the situation because I have not yet sold UK shares but I don't expect any surprises.
Maybe I should sell a small number of shares to see what happens.

Regards

Complex