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wanted high risk short term investment...
harrys66
Posts: 109 Forumite
Hi
I have a CGT bill for this tax year of £3600 (due on next years self assessment)
I was looking for a high risk investestment which i will cash in before 4th april no matter what the loss/gain
If i lose it all i'll just put the loss against my cgt bill on next years self assessment
Any ideas please?
I have a CGT bill for this tax year of £3600 (due on next years self assessment)
I was looking for a high risk investestment which i will cash in before 4th april no matter what the loss/gain
If i lose it all i'll just put the loss against my cgt bill on next years self assessment
Any ideas please?
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Comments
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Hi
I have a CGT bill for this tax year of £3600 (due on next years self assessment)
I was looking for a high risk investestment which i will cash in before 4th april no matter what the loss/gain
If i lose it all i'll just put the loss against my cgt bill on next years self assessment
Any ideas please?
Have a look at WPCT, currently trading at a 9% discount and down 18% since Woodford launched it three years ago. Can't fall any further, surely...0 -
Covered warrants:
https://sglistedproducts.co.uk/This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Any short term option if you can do options trading out of your account.
I've always steered clear but i know it takes time usually to set your account up right.0 -
Have you looked at EIS investments which could allow you to defer your CGT until such a time where you may not have any CGT liability?I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0
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Dignity plc (DTY.L FTSE 250) are down nearly 50% today.
Either shoot back up or continue down?
Funeral Services.0 -
Sussex Road in the 2.10 at Chepstow - a 150 to 1 outsider0
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p00hsticks wrote: »Sussex Road in the 2.10 at Chepstow - a 150 to 1 outsider
Nope. Doesn't count against CGT.0 -
There's always cryptocurrency related products!0
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Assuming a basic rate non-residential-property liability, a bill of £3,600 implies a gain over the allowance of £36,000.
If you invest £36,000 and lose the lot, you've thrown away £32,400 over a bill of £3,600. Classic case of the tax tail wagging the investment dog.
Although the downside is limited by the potential to offset losses, so is the upside because you're planning to cash it in on 4 April, so we know you'll be paying CGT on any gain, possibly at a higher rate.0 -
Simple answer. Gold bullion. Then hang on to your wig, price down at moment.....but that’s today. https://goldprice.org
But don’t buy UK legal gold tender, they are CGT exempt..._0
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