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Selling shares
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Mikey17
Posts: 135 Forumite
Hi, pardon my ignorance, but i have a question regarding selling some Marks and Spencers shares.
. The shares are worth less now than when they were inherited, in 2007. £5.14 today , £7.40 in 2007 . The total value today is approx £7000.
Do you pay any taxes on shares that are sold at a loss, many thanks
. The shares are worth less now than when they were inherited, in 2007. £5.14 today , £7.40 in 2007 . The total value today is approx £7000.
Do you pay any taxes on shares that are sold at a loss, many thanks
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Comments
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No you do not. But you should keep a record of any losses and you can report them for HMRC to offset any gains.0
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Do you pay any taxes on shares that are sold at a loss, many thanks
No. Only if the capital gain is more than ~£10000 which is not a concern for you.
Inheritance tax will have been paid by the estate at the time in 2007, if applicable.0 -
Many thanks, I actually meant £3000 value today not £7000. Got a bit carried away.
Cheers0 -
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Voyager2002 wrote: »Stamp duty?
?? On selling?0
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