About Us Join as a Professional
Contact Us
Professionals UK United Kingdom Bedfordshire Belfast Berkshire Birmingham Bristol Buckinghamshire Cambridgeshire Cardiff Cheshire Chester Devon Edinburgh Essex Glasgow Hampshire Hertfordshire Kent Lancashire Leeds Liverpool London Manchester Newcastle Nottingham Oxfordshire Sheffield Surrey Sussex Warwickshire Yorkshire Europe Amsterdam Berlin Brussels Dublin Ireland Madrid Milan Monaco Paris Stockholm Zurich United States Chicago Los Angeles Miami New York San Diego San Francisco San Jose Texas United Arab Emirates Dubai
Categories
  • {{ category.title }}

Please select category on the left first.

If you cannot find what you are looking for or if you have a very specific enquiry, please use our "Send Enquiry" feature.

{{ category | displayCategoryName }}
{{ child.name }}

Showing results in {{ selectedLocation.name }}

Suggestions
  • {{ suggestion.name }}
Categories
  • {{ category.name }}
Suggestions
  • {{ suggestion.name }}
Professionals
Public users
Companies
Articles
Locations
  • {{ locationSuggestion.name }}
There are no results for {{ query }}
Articles & Events Posts
Request a Service
About Us Join as a Professional
Contact Us
Professionals UK United Kingdom Bedfordshire Belfast Berkshire Birmingham Bristol Buckinghamshire Cambridgeshire Cardiff Cheshire Chester Devon Edinburgh Essex Glasgow Hampshire Hertfordshire Kent Lancashire Leeds Liverpool London Manchester Newcastle Nottingham Oxfordshire Sheffield Surrey Sussex Warwickshire Yorkshire Europe Amsterdam Berlin Brussels Dublin Ireland Madrid Milan Monaco Paris Stockholm Zurich United States Chicago Los Angeles Miami New York San Diego San Francisco San Jose Texas United Arab Emirates Dubai
Categories
  • {{ category.title }}

Please select category on the left first.

If you cannot find what you are looking for or if you have a very specific enquiry, please use our "Send Enquiry" feature.

{{ category | displayCategoryName }}
{{ child.name }}

Showing results in {{ selectedLocation.name }}

Suggestions
  • {{ suggestion.name }}
Categories
  • {{ category.name }}
Suggestions
  • {{ suggestion.name }}
Professionals
Public users
Companies
Articles
Locations
  • {{ locationSuggestion.name }}
There are no results for {{ query }}
Articles & Events Posts
Request a Service
09.01.2024

Capital Gains Tax on Shares

poster-image
Nadia Khan DipPFS Cert CII (MP), Wren Sterling

Capital Gains Tax on Shares

twitter icon
  • Capital gains tax on shares is charged at 10% or 20%, depending on your income tax band.
  • You may need to pay capital gains tax (CGT) on shares you own if you sell them for a profit.
  • The amount of tax you're charged depends on which income tax band you fall into. Broadly speaking, basic-rate taxpayers are charged 10%, while higher-rate taxpayers must pay 20% in CGT.
  • However, if you're a basic-rate taxpayer the gain you make, when added to your income, could push you into the higher-rate bracket. In this case, you'd pay 20% on however much of the gain falls into the higher income tax band.
  • You'll only need to pay tax if your profit, or gain, is more than the capital gains tax allowance. In the 2023-24 tax year, this is £6,000, down from £12,300 in 2022-23. The CGT allowance will fall again in April 2024 to £3,000.
  • If you're part of a couple, you can use both of your CGT allowances to your advantage. It's possible to hold assets in joint names, and transfer assets to your spouse or civil partner so that they can use their CGT allowance on disposal.
  • Unless they're held in a pension or ISA, you'll usually need to consider capital gains tax when selling shares, funds, investment trusts, cryptocurrencies such as Bitocin or other financial products for a profit.

 

  • Tax Planning
  • Tax year end
  • stocks
  • CGT
poster-image
Nadia Khan DipPFS Cert CII (MP) Wren Sterling

I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…
Follow us for more articles and posts direct from professionals on      
Facilitator, Facilitation, Meeting facilitation

Meetings: a vital part of running a business or a waste...
Meetings are a necessary but often frustrating part of working. We spend hours and hours a week in meetings, but we…
The Business...
The Business...
Business Consultant

Would you like to promote an article ?

Post articles and opinions on London Professionals to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.