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CGT and ISA's : Allowance question
another99
Posts: 2 Newbie
in Cutting tax
Hi can anyone help please?
You get £9200 CGT allowance in a year.
If you wrap £7000 of shares into an ISA and gain, say, £3000 in the year does the £3000 gain come off of your £9200 limit, or are they completely seperate?
many thanks
KP
You get £9200 CGT allowance in a year.
If you wrap £7000 of shares into an ISA and gain, say, £3000 in the year does the £3000 gain come off of your £9200 limit, or are they completely seperate?
many thanks
KP
0
Comments
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Any gain made within the ISA is free of CGT. So basically you still have your full CGT allowance.0
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thx jem from one glaswegian to another :-)0
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