Portfolio Review3 Jun 2024 15:20
Hi All,
First of all apologies if this question is wrongly placed on this forum.
Given the current Tax liabilities 2024/2025 on dividends has been reduced to £500 before you pay any Tax over the limit and nothing if the shares are in a S&S ISA. That sounds straight forward, however, when it comes to Tax Liabilities on Capital Gains on shares I am not sure how this actually works. For example: if I bought shares worth £10000 and the doubled in price £20000. If I sold my initial stake of £10000 and kept the rest in the account would I have to pay any tax on the £10000?
Any guidance would be greatly appreciated.
Regards.