Capital gains calculations

Where you have purchased/sold an investment holding on different dates, you are deemed to have purchased/sold this asset in ‘parcels'. There are three methods available to calculate capital gains or losses on these ‘parcels'. These methods are:

First In First Out (FIFO) - under this method, the first parcel purchased will be deemed to be the first parcel sold. This is the default which will apply should neither
of the following two methods be chosen, on your behalf, by your adviser
Minimum gain - under this method, disposals will be allocated against the open parcel that will generate the lowest gain taking into account a 50 per cent discount on the gains where applicable, or
Specific parcel selection - under this method, advisers have the ability to select, on your behalf, specific parcels relating to securities that have been sold during the current financial year in order to calculate your CGT position.

There are certain circumstances in which parcel selection will not be available.