Hello all, I'm clearly new here! First post,
Alright, my question is as follows - when selling shares that were given to me, is my capital gains tax counted towards the entire share value, or rather - any profit those shares have since accumulated since becoming mine?
Is this complicated by the fact that the shares were 'officially' intended for me? These shares were formally my fathers, however the a/c section was my name (ie, Bob Smith <A/C Tim Smith>; these names are fake, by the way )
Basically, the shares were purchased for me in my childhood, I've been dabbling in the market with my own money as of late, don't really like the lack of movement in these shares, & wish to sell and put the money into something else, but am fearful of how much will be lost)
Also, does anyone have any recommendations on selling issuer sponsored shares, ideally with minimal brokerage fees?