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Stocks and Shares
- Thread starter Springal
- Start date
Beach Hut
Brighton Bhuna Boy
Really depends if you complete an annual tax return or not as that is the only place you can declare the profit.
Chicken Runner61
We stand where we want!
- May 20, 2007
- 4,609
Yes if profits are over the threshold but Not if they are in an ISa
If you take any/ all the money out of the ISA wrapper it's tax free but you can't put it back but whilst it's in there you can rack up any profits (and losses) to your hearts content.
Be aware you can't put some shares in an ISA a lot of aim stuff is not allowed in - But some are
If you take any/ all the money out of the ISA wrapper it's tax free but you can't put it back but whilst it's in there you can rack up any profits (and losses) to your hearts content.
Be aware you can't put some shares in an ISA a lot of aim stuff is not allowed in - But some are
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,014
you dont pay stamp duty on profits. any profits will attract Capital Gains tax if you make more than the CGT allowance (£10,100) in the financial year.
unless you do as above and trade within an ISA.
you can also sell loss making shares to reduce total capital gains and keep under the CGT allowance. this btw is how companies large and small will avoid big tax bills, by carrying forward losses or writing down the value of assets when convenient for tax reasons.
unless you do as above and trade within an ISA.
you can also sell loss making shares to reduce total capital gains and keep under the CGT allowance. this btw is how companies large and small will avoid big tax bills, by carrying forward losses or writing down the value of assets when convenient for tax reasons.
Conkers
Well-known member
Had £500 on Barratt Developments for about 6 months. Unfortunately bought at the wrong time and dipped 30/40%. Almost back up to what I paid for them.
However, they are trading at less than 10% of what they were before the recession. Will try and hold on to these for a few more years.
timco
Well-known member
As others have said investing can be a very risky business but fu if treated that way.
I publish my portfolio (http://www.myportfolio.goodornot.co.uk/) for the fun of it I have about £10,000 invested so nothing big.
I use Halifax (which also runs many other online brokers) because I am lazy abnd I don't invest very often. They also infrequently run free trading sessions which are helpful if buying small amounts or cheap shares.
I publish my portfolio (http://www.myportfolio.goodornot.co.uk/) for the fun of it I have about £10,000 invested so nothing big.
I use Halifax (which also runs many other online brokers) because I am lazy abnd I don't invest very often. They also infrequently run free trading sessions which are helpful if buying small amounts or cheap shares.
Yes you would normally pay capital gains.