The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Careful mate! I’ve just finished strimming the garden here on wonderful IoM and having first of Several cold ones. Sky and sea are blue, bbq tonight and all is well in the world! I’d love to send u a photo to dispel your image. You’re right about housing costs tho! What a day!
Live in Holland there is no CGT on trading shares or other securities (options, futures)
As log as its not your main business
Dutch uit Amsterdam
Sprite, I totally agree with buddy . However it's cold, wet and not many houses with pools for 1k per month!
Starchild- don’t forget the Isle of Man, where conveniently, BPC is registered. In addition to no CGT or IHT, there is a 0% Corporate Income Tax!
Thanks for the help guys. Great to see we are already at 3p. The 4-5p range looks close indeed now expecially if we close near day highs. GLA
If you have it in an ISA no need to worry about CGT... as I understand.
Phoebus. Your tax return question is only relevant if you made profits over the capital gains limit or wish to carry forward a loss. Best you speak to an accountant as I don't want my advice to lead you in jail. The best solution for anyone on this forum who is either retired, or allowed to be a homeworker is move to a jurisdiction with no capital gains. such as Bahamas (expensive), Dubai (very expensive), Monaco (extremely expensive) or Cyprus ( cheap). I've got British friends who live in Cyprus and they pay 1000 quid a month for a 4 bed house and pool, no capital gains, 20k tax free allowance on any other income and for 15 years if you are an ex-pat, no tax on dividends or bank interest as a non-dom.
Is this your main income? if that is the case, i would say your a sole trader or you'll need a limited company?
However, if it's your passive income, i saw this online as it would come CGT:
Basic-rate taxpayers pay 10% capital gains tax. Higher and additional-rate taxpayers pay 20% capital gains tax. In the 2020-21 tax year, you can make £12,300 in capital gains before you have to pay any tax - and couples can pool their allowance. In 2019-20, you were be able to make £12,000 gains before tax.
Read more: https://www.which.co.uk/money/tax/capital-gains-tax/capital-gains-tax-on-shares-ambbh8b4kuxt - Which?
Does anyone know if you have to submit a tax return if your total stock market deals in a single tax year are over a certain threshold and if so what that threshold is? Thanks.