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... let's hope :-)
Bought a few more at 147p today to try and recover my losses from previous purchases at 165p and 196p
LTH but hopefully not too long ... would love to see 220p again sometime later this year
Hoping for great UK travel news today
There was some interesting reading on this board recently regarding Capital gains, so here an example to prompt some advice:
You buy shares for £10k; your shares double in value to £20k
you sell your shares before the end of the tax year (20-21); Profit = £10k (less than £12,300 tax threshold) so no Capital gains to pay
You buy same shares again (after 30 days) but it now costs you £21k to buy same amount of shares
Shares increase to £30k by end of next tax year (20-21); Profit = £9k (less than £12,300 tax threshold) so no Capital gains to pay
However if you'd kept the shares over the 2 year period ; Profit - £20k; therefore you pay tax on £20k - £12.3k = £7.7k) = £1540 in Capital gains tax.
So if you think that your share value will increase by less than the amount (you'd otherwise pay in Capiital Gains Tax) in the 30days between you selling an re-buying, then you should sell and re-buy 30days later to avoind paying Capital Gains Tax.
Is this correct?
We are all here to share news, advice and thoughts and to learn from each other. That can be both positive, negative of indifferent.
There is no place on these boards for some of the foul and abusive insults that some people make.
Good luck to all those with a LTH, day trader or your own form of investment strategy
Have fun and make money
Aston Martin's electric sports models to be made at Gaydon plant https://www.bbc.co.uk/news/uk-england-coventry-warwickshire-56315124