In the tax year 2010/2011 the CGT allowance is £10,100 (2009/2010 £10,100)
This means that you do not have to pay tax on gains from buying and selling shares or other investments during the tax year up to that amount. Remember also that you do not normally have to pay tax on any gain you make when you sell your main residence.
If you have used your CGT allowance, don't forget your ISA allowance. Both a "Cash ISA" and a "Stocks and Shares ISA" can shelter capital gains on investments, for example unit trust holdings, worth up to £10,200 per year.
Capital Gains Tax
7/09/2010
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01604 497566
01604 497566
5 Point Financial Planning Ltd
Suite S4
Moulton Park
Northamptonshire
NN3 6AQ
Suite S4
Moulton Park
Northamptonshire
NN3 6AQ
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| 5 Point Financial Planning Ltd is An Appointed Representative of Sesame Ltd., which is authorised and regulated by the Financial Services Authority Sesame Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427 |
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