Quick tax question for you accountants out there

[Dave the OAP]

What is the current CGT relief?

ie sell shares that cost nothing, therefore all is profit.

500 shares at 2.50 per share = 1000 odd

Do I pay x% on the 1000 or is there releif covering this amount?

Cheers

 

[aftershavedave]

you have an annual exemption of #9,600 in the current year

 

[Stinkers Bridge]

you have an annual exemption of #9,600 in the current year

Wrong.

I believe the answer to every question this morning is Micky Adams.

God. Mr Thicko. Fancy not knowing that.

 

[aftershavedave]

Wrong.

I believe the answer to every question this morning is Micky Adams.

God. Mr Thicko. Fancy not knowing that.

you're not wrong !

 

[Dave the OAP]

Cheers Dave