Quarterly statement questions and answers
How do I use my statement to fill out my tax return?
Unfortunately we do not provide tax advice. If you need advice, please contact an appropriate professional financial advisor. Information can also be supplied by your local Tax Office.
What is my book cost and how is it calculated?
The book cost is the total original cost including charges. If you have only made purchases on one stock the book cost will be the total of those purchases.
When stock is sold from that total, the percentage of the stock sold is taken from the total of the amount paid.
For example:
Bought 100 LLOY for £100
Book cost would be £100 for 100 shares
Bought another 100 LLOY for £200
The book cost would be £300 for 200 shares
Sell 100 shares (this is 50% of the number of shares)
The book cost would be £150 for 100 shares.
Please note, that book costs can be affected by corporate actions and transfers into your account.
What is the Stock Valuation?
The Stock Valuation gives you detailed information on your stock holdings in your account. The information is based on the close of business prices applicable to the statement period. The valuation includes all stock held in your account. Any stocks you sold before the statement period end date are not included. This does not include information regarding accrued interest on interest bearing stocks. This can be obtained by contacting us directly using the telephone number on the covering letter.
Other quarterly statement questions