Perspective29 Oct 2018 12:43
We have invested (speculated?) in a minnow on AIM, by default one of the highest risk investments we can make. We therefore should assume on day one we will lose every penny.
If we have to pay 20% tax (10% if a basic rate tax payer) if we make more than £11,700 on relist, assuming everything is sold in the same tax year, then it still means we have made a large gain surely?
Not perfect but I am just trying to add a little perspective, especially when for the last few months all this BB has been full of is gloating trolls telling us we are going to lose all our money.
With CGT it is possible to transfer shares to a (married) partner tax free too so hopefully quite a few will have access to 2 allowances and 2 sets of basic rate bands to keep tax at 10%. Not great but only a problem if we have massive gains, so actually quite a nice problem to have imo...