I am going to buy my first house outright using my shares. Do you think this is a shrewd move, or are there ways I could claim tax relief, since I am self employed, but haven't been doing business for the past year?
Also, what way would you recommend me to sell my shares, and how could I find out if I have any shares in my name that I have forgotton about?
Thanks for any help, and I thankyou for your kindess.
Be careful of capital gains tax - any profits you realise in excess of 8.8k this tax year will be subject to CGT.
If you are liable it *might* be better to get a mortgage for part of it and sell some of the shares each tax year.
If there is a Mrs Hallway, you can give her some of the shares and use her CGT allowance.
Normally sell your your shares through a stockbroker - there are many and mostly charge about the same. For convienince if you look at the companies web site and the investors section some companies have special agreements for selling at a discount.
In message , Miss L. Toe writes
Dont forget taper relief and possibly indexation.
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