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Tax calculation help please

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  • Jeremy535897
    Jeremy535897 Posts: 10,752 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    uknick said:
    All the dividends are taxable, it's just £2,000 are taxed at 0% but that £2,000 uses up part of the basic rate band for other purposes, does that not apply to Capital Gains?
    Yes, I had forgotten that, so the tax bill is £5,638. (The rules are unnecessarily complicated.)

    tax complicated, surely not  :D
    There are many areas where you could argue tax has to be complicated, but this is not one of them. Rates of tax should be straightforward.
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