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Are shares subject to capital gain tax or income tax?
eloy7
Posts: 116 Forumite
in Cutting tax
If I invest a substantial amount of money on shares and withdraw part of the growth (selling some shares) every year for my living expenses, should I pay the capital gain tax or income tax at the end of the year?
I am talking about the growth, not dividends.
I am talking about the growth, not dividends.
0
Comments
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Profit on selling shares is liable to capital gains tax.
Dividends are liable to income tax.0
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