Just checking on the threshold below which you dont have to tell bother telling the IR you sold some shares (as long as you didnt exceed the allowance), and also the allowance this tax year?
Am I right in thinking its 12,000 and 8,200 respectively?
2005 threshold for Cap gains and exeption?
Nov 18, 2005
3 Replies
I thought that the first was twice the second. Has that changed?
tim
I dont recall one being twice the other as a formula but i could be wrong (as many will attest)
Just found this, according to this its much higher, its 31,600 and 7,900 for 2003/4
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which looks as if the formula is 4x.
And CG for this year is 8,500
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which would make the 'dont bother us' limit 34,000.
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