Don’t Feed the Tax Man!16 Nov 2020 05:26
Yes, it is always best to buy and sell within a “Stocks and Shares ISA”. That way, whatever happens, however much money you make, it is ALL yours and completely free of Capital Gains Tax. In fact you do not even need to chronicle your trades, as it has nothing to do with HMRC and they will therefore never even ask. It is 100% ring fenced. You’d be surprised how many people, apparently very knowledgable, who post on these boards, do not have one. Absolutely completely crazy! Don’t feed the tax man any Capital Gains, when you simply don’t need to; by sheltering all of your transactions within a “Stocks and Shares ISA” (and yes, it is very straight forward to set up!). ATB