I have around 9000 gbp's worth of shares, all from a pay as you earn scheme at work, can I put them in an isa ? I have an existing mini cash isa from last year, but have made no contributions as of this year. or is there something better to do with them ? many thanks
strawberry
In message , strawberry writes
You could put £7ks worth of them into a maxi isa for this year, thereby using all your ISA allowance for this year. Whilst this may cause you to suffer a Capital Gain if we assume you have no other Capital Gains this year and as you can only put in £7k you wont be above this years Gain limit of £8.5k before CGT is due.
Well that will largely depend on how you think the shares will perform.
how would cgt be worked out ? as increase in price from purchase until now ? as a student I really don't have too many fears about CGT but am looking to protect my shares for 2/3/4 years so I can sell around 20k in one go ( if possible) , is CGT triggered by the movement of the shares?
many thanks for your reply.
In message , strawberry writes
Assuming the asset acquired after April 1998 :
CGT = ((((Sale Proceeds) - (Cost of acquisition)) * Taper Relief) - Current Threshold) * (Marginal Tax Rate)
The current threshold is 8500 and generally increases each year.
Taper relief for non business assets is a tapering scale over ten years. See
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