2005 threshold for Cap gains and exeption?

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?

Reply to
Tumbleweed
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I thought that the first was twice the second. Has that changed?

tim

Reply to
tim (moved to sweden)

I dont recall one being twice the other as a formula but i could be wrong (as many will attest)

Reply to
Tumbleweed

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.

Reply to
Tumbleweed

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