Capital Gains Tax

[Bazile]

Is the following correct 

For example - you bought shares in a company for £6000 - you sell them for £8000 .                    No CGT is payable on the £2000 profit ?

In the above example - you sell the shares for £10000              You pay CGT on only £1000 , because you take £3000 CGT allowance off the £4000 profit ?

 

 

[ToraToraTora]

yes sounds about right. What's your point?

 

[Pegasus16]

Here is a calculator and info -

https://www.hl.co.uk/tools/calculators/capital-gains-tax-calculator

[THECORBYLOON]

You'll pay 18% CGT on the £1,000 if you pay basic rate tax or 24% if you pay the higher or additional rate.

https://www.gov.uk/capital-gains-tax/rates

[Bazile]

Thanks