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Using Shares as extra income
KBandWFB29
Posts: 8 Forumite
Hi I am after some clarification regarding the question below, its purely to do with income & I understand regarding capital gains etc. I need to know if selling shares form part of your income and the money received is taxable.
I have shares in numerous companies and these were purchased by myself some years ago (over 12 months ago) if I sold shares and received £2k and there was no capital gains to pay does this £2k become taxable as apart of my yearly income (my yearly income is approx £35k) Thanks in advance for any help.
I have shares in numerous companies and these were purchased by myself some years ago (over 12 months ago) if I sold shares and received £2k and there was no capital gains to pay does this £2k become taxable as apart of my yearly income (my yearly income is approx £35k) Thanks in advance for any help.
0
Comments
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Sale of investments does not generate income from a tax point of view.1
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As above. Outside a tax wrapper there is dividend tax and CGT to consider, but the 'income' is not taxable income.'Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it' - Albert Einstein.1
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