Capital gain tax for full time employed

sarah_id1

Hi,

I am in full time employment and fall in 40% tax bracket. If I deals in shares and Equity how much tax I would need to shell out on the profit or capital gain.

Sarah

CLAPTON

none if you make no profit

none if your realised profits less loses don't exceed 10,600 per year

28% of the profit otherwise

sarah_id1

CLAPTON wrote: »

none if you make no profit

none if your realised profits less loses don't exceed 10,600 per year

28% of the profit otherwise

So a net profit of 10600 per year will have no tax and 28% anything more than that. That sounds reasonable.

Thanks s lot Clapton

CLAPTON

sarah_id1 wrote: »

So a net profit of 10600 per year will have no tax and 28% anything more than that. That sounds reasonable.

Thanks s lot Clapton

I would be most pleased to pay tax on my capital gains but the opportunity rarely arises.


And do remember you can use your ISA allowance to shield up to 11,280 of funds.