How do I sell different parcels of the same shares, and calculate CGT?

Hi Clara, great question.

To be honest, by far the easiest way to do this is by having a Sharesight account connected to your Pearler account. On there, you can decide which tax option you’d like to go with, whether ‘first in first out’ or many others.

Yes, it will be quite painful to sell later using old transaction statements and doing it all manually. But for some folks who don’t want to rely on another provider like Sharesight, there’s the option of recording each purchase in a spreadsheet. That’ll be much simpler later on than looking back over paper statements.

Another step which makes it easier would be to sell the shares in the same quantities that you’ve purchased them in. This can make it a bit ‘cleaner’ to keep track of which parcels were sold.

So if you haven’t already, consider signing up for Sharesight, which is free for up to 10 holdings. Some of the more detailed tax features might be part of their premium plan from memory. But would definitely save future headaches while also making current tax time easier. It gives you a few ‘sale allocation methods’ to choose from.

If you hate paperwork (I do too), it’s well worth looking into! Also, there is now the option of getting CHESS statements electronically, so that should reduce some of that paperwork pain and you won’t have to pile them up in a shoebox or whatever.

Hopefully that helps a bit, but it’s not the most fun thing to deal with :)
Dave