Shares

eastie256

Need some advice guys (not sure if this is the right spot in the forum, but here it goes) i have just over £2000 worth of shares with tesco plc, and was wondering is it worth cashing them in to put into a isa account or would i have to pay capital gains on them ? ? Which would mean i would be losing £800 by taking them out? ?

any advice gratefuly received

Cheers

Lokolo

capital gains is over a certain amount, I don't think its as low as £2000, someone will repond to correct me!

CLAPTON

your have an annual CGT allowance of 9,600 before any CG tax is payable.

Lokolo

BAH. Clapton you are not on my good person list now :mad: I just spend last few minutes looking and you beat me :rolleyes:

- the annual exempt (tax-free) amount (the AEA) - this is £9,600 for every individual in the tax year 2008-2009


http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/BeginnersGuideToTax/DG_4016313

direct.gov.uk site rocks

save-a-lot

Have a look here...
http://www.fairinvestment.co.uk/capital_gains_tax_on_shares.aspx

save-a-lot

I was looking too, but I popped into the kitchen for a drink so I missed out on getting in there first... doh!

eastie256

Thanks for taking the time to reply to my qeustion guys, much appreciated :j