RE: Let's talk about tax14 Feb 2026 12:03
What a terrible problem to have! Just imagine having to pay tax on eye-watering profits, and the bigger the holding the bigger the problem, potentially.
Personally I only have a million shares (in my ISA) but even the profit on that already exceeds the £3k allowance.
CGT on shares is currently as follows:
Basic Rate Taxpayer (18%): Applied if your total income + gains remain within the basic income tax band.
Higher/Additional Rate (24%): Applied to gains that put you above the basic income tax band.
Look at it another way, if you do have to pay tax (I get that nobody wants to, especially to our useless Government) you'd still have 82% or 76% left after tax, respectively.
Still possibly life changing with the sp predictions that have been suggested.